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610-620 SW 12th Ave

Eliyahu Aloush's Fast Lane Capital Acquires Pompano Beach Industrial For $4.75M
SOLD

Eliyahu Aloush's Fast Lane Capital Acquires Pompano Beach Industrial For $4.75M

610-620 SW 12th Ave

Building Size

Asset Type

Closing

Aug 1, 2022

AI

A industrial property located at 610-620 SW 12th Ave in Pompano Beach has been sold for $4,750,000. The property spans 30,666 square feet with a price per square foot of $155. The sale was completed on 08/01/2022.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: $4,750,000
  • Square Footage: 30,666
  • Price per Square Foot: $155
  • Address: 610-620 SW 12th Ave, Pompano Beach
  • Buyer: Eliyahu Aloush - Fast Lane Capital
  • Seller: Jan Tuchman - Tuchman Family Trust
  • Buyer's Representative: Tatiana Escobar & Paola Chapman - APEX Capital Realty
  • Seller's Representative: Adriano Salucci, Felipe Escobar & Miguel Pinto - APEX Capital Realty

The buyer of the property is Eliyahu Aloush from Fast Lane Capital, represented by Tatiana Escobar and Paola Chapman of APEX Capital Realty. The seller, Jan Tuchman, is represented by Adriano Salucci, Felipe Escobar, and Miguel Pinto, also from APEX Capital Realty. This transaction highlights the involvement of key individuals and companies in the deal.

Players

Eliyahu Aloush

Fast Lane Capital

Buyer

$25.1M

vol

6 deals

Buyer

Jan Tuchman

Tuchman Family Trust

Seller

$4.8M

vol

2 deals

Seller

Boca Raton 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

5.80%

Cash-on-Cash

-1.66%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93