Updated Aug 31, 2026
SOLDIndustrial
Levi Cohen Joseph Ely And Jeff Jenkins Of WareSpace Acquire Industrial Asset For $8.1M
700 Northwest 57th Court
$8,100,000
$133/SF
Building Size
60,700 SF
Asset Type
Industrial
Closing
Aug 26, 2025
About this deal
AI
The asset involved in the transaction is an industrial property located at 700 Northwest 57th Court in the Fort Lauderdale market. The sale price was $8,100,000, and the property encompasses a total area of 60,700 square feet, resulting in a price per square foot of $133.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $8,100,000
- Sale Price: $8,100,000
- Square Footage: 60,700
- Price per Square Foot: $133
- Buyer: Levi Cohen, Joseph Ely & Jeff Jenkins - WareSpace; Juda Hersh, Corey Schwartz & Steven Ginsberg, Jake Stauber - Hersh Equity Group
- Seller: Paul Groll
- Broker: Helen Weissman - CBRE
The transaction featured key participants including Levi Cohen, Joseph Ely, and Jeff Jenkins representing WareSpace, along with Juda Hersh, Corey Schwartz, and Steven Ginsberg, who worked with Jake Stauber from Hersh Equity Group. Paul Groll served as the seller and was represented by broker Helen Weissman from CBRE.
Players
CBREBrokerage
Hersh Equity GroupBuyer
Fort Lauderdale Industrial Market Snapshot
Boundary boundary · Industrial · Sale transactions
Loading comparables…
Deal FAQ
Visit Corey Schwartz to view all their deals.
Browse Fort Lauderdale industrial sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.96%
Cash-on-Cash
-0.56%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93