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950-952 Eller Drive, Fort L...

Triarch Capital Group Acquires Fort Lauderdale Industrial Property For $10.4M
SOLDIndustrial

Triarch Capital Group Acquires Fort Lauderdale Industrial Property For $10.4M

950-952 Eller Drive, Fort Lauderdale, FL, USA

$10,400,000

$182/SF

Building Size

57,000 SF

Asset Type

Industrial

Closing

Mar 17, 2021

AI

An industrial property located at 950-952 & 940 Eller Drive in Fort Lauderdale has been sold for $10,400,000. The property spans 57,000 square feet, resulting in a price per square foot of $182. Situated on 3 acres, the property was purchased by Triarch Capital Group, represented by Daniel Halberstein, Mario Grosfeld, and Jorge Linkewer. The sellers were the Joshua & Patricia Becker Trust and the Milton & Patricia Wallace Trust.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: $10,400,000
  • Address: 950-952 & 940 Eller Drive, Fort Lauderdale
  • Market: Fort Lauderdale
  • Square Footage: 57,000 sqft
  • Price Per Square Foot: $182
  • Acres: 3
  • Price Per Acre: $3,466,667

The buyer's representative in the deal was Isaac Behar from One Sotheby’s International Realty, while Shane Decker from One Commercial represented the sellers.

Players

Shane Decker

Decker Capital

Broker

$406M

vol

22 deals

Broker

Daniel Halberstein

Triarch Capital Group

Buyer

$43.8M

vol

4 deals

Buyer
TG
Triarch Capital GroupBuyer

Fort Lauderdale Industrial Market Snapshot

Boundary boundary · Industrial · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

1.53%

Cash-on-Cash

-0.44%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93