Stryker Digital Real Estate LLC Purchases Industrial Property At 719-721 Northeast 2nd Avenue For $2.75M
719 Northeast 2nd Avenue & 721 Northeast 2nd Avenue
$2,750,000
$343/SF
Building Size
8,000 SF
Asset Type
—
Closing
May 12, 2026
AI
The property asset involved in this transaction is an industrial flex property located at 719-721 Northeast 2nd Avenue in Fort Lauderdale, FL. The sale price for the property was $2,750,000, which translates to approximately $688 per square foot for the total square footage of 4,000. The property occupies an area of 0.15 acres.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $2,750,000
- Square Footage: 4,000
- Price Per Square Foot: $688
- Buyer: Stryker Digital Real Estate LLC
- Seller: 721 Ave LLC
- Broker: Jaime Sturgis - Native Realty
- Lender: Southstate Bank
Stryker Digital Real Estate LLC was able to finance the acquisition with a loan of $2 million from SouthState Bank. The seller, 721 Ave LLC, acquired the asset in 2018 for $900,000. Jaime Sturgis represented the seller in this transaction.
Players
Market CRE Market Snapshot
Boundary boundary · CRE · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.77%
Cash-on-Cash
-1.65%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93