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
About this deal
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.
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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