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5450 Northwest 33rd Avenue

Jonathan Raiffe Wesley Suskind Tina Spano Of Adler Properties Acquire Industrial Asset In Fort Lauderdale For $11.79M
SOLDIndustrial

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

Jordan Beck

Berger Commercial Realty

Broker

$278.5M

vol

29 deals

Broker
Berger Commercial Realty
Berger Commercial RealtyBrokerage
Wesley Suskind

Wesley Suskind

Buyer

$39M

vol

4 deals

Buyer

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