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Perry & Lonnie Fine Acquire Industrial Property In Fort Lauderdale For $17.5M

1600 Northeast 12th Terrace
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This Industrial property located in FL was sold for $17,500,000 over 1 year ago. The broker of the deal was Jaime Sturgis

Perry & Lonnie Fine have acquired an industrial property located at 1600 NE 12th Terrace in Fort Lauderdale. The property was sold by Gregg Wallick, with the transaction facilitated by Jaime Sturgis from Native Realty. The sale price for the property was $17,500,000.

Summary of transaction details

  • Property Type: Industrial
  • Transaction Amount: $17,500,000
  • Square Footage: 93,193
  • Price per Square Foot: $188
  • Date: 07/15/2022
  • Market: Fort Lauderdale
  • Buyer: Perry & Lonnie Fine
  • Seller: Gregg Wallick
  • Broker: Jaime Sturgis - Native Realty

The industrial property at 1600 NE 12th Terrace in Fort Lauderdale was purchased by Perry & Lonnie Fine from Gregg Wallick, with the transaction managed by Jaime Sturgis from Native Realty. The property has a total square footage of 93,193, and the sale price equated to $188 per square foot.

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Deals
  • Location
    1600 Northeast 12th Terrace, Fort Lauderdale, Florida 33305, United States1600 Northeast 12th Terrace, Fort Lauderdale, Florida 33305, United States
  • Sale Price
    $17,500,000$17,500,000
    $187 PPSF$187 PPSF
  • Area
    93,193 SF93,193 SF
  • Asset Type
    IndustrialIndustrial
  • Parties
    1 Broker, 1 Agency1 Broker, 1 Agency

Agent

Jaime Sturgis

Jaime Sturgis

Deals14
Sold$107.9M

Agency

Native Realty

Native Realty

Agency
Deals22
Volume$144M

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Deal Summary

SALE IMAGE: Jaime Sturgis DATE: 07/15/2022 ADDRESS: 1600 NE 12th Terrace MARKET: Fort Lauderdale ASSET TYPE: Industrial BUYER: Perry & Lonnie Fine SELLER: Gregg Wallick BROKER: Jaime Sturgis (@JaimeSturgis) - Native Realty (@NativeRealty) SALE PRICE: $17,500,000 SF: 93,193 ~ PPSF: $188

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1600 Northeast 12th Terrace

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