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700 Northwest 57th Court

Levi Cohen Joseph Ely And Jeff Jenkins Of WareSpace Acquire Industrial Asset For $8.1M
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

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

Helen Weissman

CBRE

Broker

$8.1M

vol

1 deal

Broker
CBRE
CBREBrokerage

Levi Cohen

Warespace

Buyer

$133.9M

vol

4 deals

Buyer

Fort Lauderdale Industrial Market Snapshot

Boundary boundary · Industrial · Sale transactions

Loading comparables…

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