Drew Rosen Sells Industrial Asset In Fort Lauderdale For $7.2 Million With Axiom Capital Advisors
1800 Northwest 22nd Street
$7,200,000
$288/SF
Building Size
25,000 SF
Asset Type
Industrial
Closing
Oct 23, 2025
AI
The property asset involved in this transaction is an industrial facility located at 1800 Northwest 22nd Street, Fort Lauderdale. The facility encompasses 25,000 square feet and was sold for $7,200,000, resulting in a price per square foot of $288.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $7,200,000
- Address: 1800 Northwest 22nd Street
- Market: Fort Lauderdale
- Square Footage: 25,000
- Price Per Square Foot: $288
- Seller: Drew Rosen
- Brokers: Noah Ohayon & Jose Sasson Lerner - Axiom Capital Advisors
Noah Ohayon and Jose Sasson Lerner from Axiom Capital Advisors represented the seller in this transaction. They successfully facilitated the sale of the facility, highlighting its direct frontage to I-95. This transaction marks a significant achievement for both the buyer and seller.
Players
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
2.20%
Cash-on-Cash
-0.63%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93