$7,875,000 Acquisition Loan Secured for Industrial Property in Fort Lauderdale, FL
May 22, 2026 Bank
Deal Summary
US Century Bank recorded a $7,875,000 mortgage crossing four Fort Lauderdale industrial parcels anchored by a 51,000 square foot warehouse at 3377 Southwest 2nd Avenue. The loan was executed May 22, 2026 and recorded May 29, 2026 in Broward County under document 120893628 (APN 50-42-22-10-0292), crossed against three additional parcels. County records list the owner as 502 Llc.
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Transaction Details
- Closing Date
- May 22, 2026
- Loan Amount
- $7,875,000
- Loan Type
- Bank
- Loan Purpose
- Acquisition
- Capital Type
- Senior Debt
- Asset Type
- Industrial
- Source
- County record
Property
- Address
- 3377 Sw 2nd Ave
- City, State
- Fort Lauderdale, FL
- Market
- Fort Lauderdale
Property Facts
- Building Size
- 51,322 sq ft
- Lot Size
- 45,422 sq ft (1.04 ac)
- Year Built
- 1966
- Year Renovated
- 1967
- Stories
- 1
- Buildings
- 2
- Zoning
- I
- Subtype
- Warehouse
- Floor Area Ratio
- 0.73
Sale History
Last sold for $11,250,000 on May 21, 2026. Prior owner SECOND AVENUE PROPERTIES INC (business entity).
Prior Financing
| Recorded | Lender | Amount | Instrument | Type |
|---|---|---|---|---|
| May 29, 2026 | US CENTURY BK | $7,875,000 | Mortgage | CONVENTIONAL |
| Oct 27, 2015 | JP MORGAN CHASE BK | $3,000,000 | Mortgage | CONVENTIONAL |
| Aug 2, 1995 | Private party lender | $100,000 | Mortgage | PRIVATE PARTY LENDER |
Recorded mortgage history from county records. Amounts are original recorded principal, not current balances.
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Transaction details are compiled from public announcements, press releases, industry reporting, or information submitted by parties to the transaction, and have not been independently verified by LoanList CRE. Terms shown may be approximate. Nothing on this page constitutes a quote, offer, or guarantee of financing terms. Full disclaimer.