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Realterm Logistics Acquires Industrial Property In Fort Lauderdale For $28.6M

1900 Northwest 21st Avenue
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This Industrial property located in FL was sold for $28,600,000 almost 4 years ago.

An industrial property located at 1900 Northwest 21st Avenue in Fort Lauderdale has been sold in a recent transaction. The property, spanning 90,882 square feet, was purchased by Realterm Logistics for a total price of $28,600,000. This amounts to a price per square foot of $315. The property sits on a 10.4-acre lot, resulting in a price per acre of $2,750,000.

Summary of transaction details

  • Property Type: Industrial
  • Transaction Amount: $28,600,000
  • Square Footage: 90,882
  • Address: 1900 Northwest 21st Avenue
  • Market: Fort Lauderdale
  • Buyer: Realterm Logistics - Robert Fordi
  • Seller: Jonathan Cox - The Federated Companies

The buyer of the property is Realterm Logistics, represented by Robert Fordi. On the other hand, the seller is Jonathan Cox, who is affiliated with The Federated Companies. This transaction showcases the active real estate market in Fort Lauderdale and highlights the significant investment made in the industrial sector.

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  • Location
    1900 Northwest 21st Avenue, Fort Lauderdale, FL, USA1900 Northwest 21st Avenue, Fort Lauderdale, FL, USA
  • Sale Price
    $28,600,000$28,600,000
    $314 PPSF$314 PPSF
  • Area
    90,882 SF90,882 SF
  • Asset Type
    IndustrialIndustrial

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Deal Summary

SALE IMAGE: Jonathan Cox & Robert Fordi DATE: 05/14/2021 ADDRESS: 1900 Northwest 21st Avenue MARKET: Fort Lauderdale ASSET TYPE: Industrial BUYER: Realterm Logistics - Robert Fordi SELLER: Jonathan Cox - The Federated Companies SALE PRICE: $28,600,000 SF: 90,882 ~ PPSF: $315 ACRES: 10.4 ~ PPA: $2,750,000

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