Jonathan Raiffe Wesley Suskind Tina Spano Of Adler Properties Acquire Industrial Asset In Fort Lauderdale For $11.79M
5450 Northwest 33rd Avenue
$11,790,000
$192/SF
Building Size
61,325 SF
Asset Type
Industrial
Closing
Sep 16, 2025
AI
The property asset involved in this transaction is an industrial facility located at 5450 Northwest 33rd Avenue in Fort Lauderdale. The transaction was completed for a sale price of $11,790,000, encompassing a total of 61,325 square feet, resulting in a price per square foot of $192.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $11,790,000
- Address: 5450 Northwest 33rd Avenue
- Market: Fort Lauderdale
- Square Footage: 61,325
- Price Per Square Foot: $192
- Buyer: Jonathan Raiffe, Wesley Suskind & Tina Spano - Adler Properties
- Seller: Zach Fox - Midtown Capital
- Seller's Representative: Jordan Beck - Berger Commercial Realty
The transaction was facilitated by key individuals including buyers Jonathan Raiffe, Wesley Suskind, and Tina Spano from Adler Properties, who acquired the asset from Zach Fox, the seller representing Midtown Capital. Jordan Beck from Berger Commercial Realty acted as the representative for the seller in this deal.
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
1.35%
Cash-on-Cash
-0.38%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93