Updated Dec 4, 2024
Joe Kotler Acquires Industrial Asset In Largo For $2.89M Loan Amount
12340 66th Street North
$2,892,500
$66/SF
Building Size
43,726 SF
Asset Type
Industrial
Closing
Jul 12, 2024
About this deal
AI
The industrial property located at 12340 66th Street in Largo, FL, spans 43,726 square feet. The acquisition loan for this property amounted to $2,892,500.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $2,892,500
- Address: 12340 66th Street
- Maket: Largo, FL
- Landlord: Joe Kotler - Horizon Equities
- Broker: Ariel Forman - Meridian Capital Group
- Loan Type: Acquisition
The deal was facilitated by Ariel Forman representing Joe Kotler's Horizon Equities in this transaction.
The industrial loan at 12340 66th Street North in Largo, Florida financed for $2.9M in 2024. The building is 43,726 square feet, implying about 66 per square foot on the published price. Ariel Forman, Meridian Capital Group appear on the loan alongside Meridian Capital Group. This page is the Largo, Florida file for the 12340 66th Street North industrial financed: pricing, party profiles, and other closed industrial comps from the same Largo sit in the Market section below. Filter that Largo industrial set by closing date to see what else financed near 12340 66th Street North around 2024. Published consideration for 12340 66th Street North is $2.9M, dated 2024. Cite this Joe Kotler Acquires Industrial Asset In Largo For $2.89M Loan Amount loan when underwriting similar industrial product around Largo, Florida.
Largo Industrial Market Snapshot
Boundary boundary · Industrial · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.48%
Cash-on-Cash
-1.57%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93