FINANCEDIndustrial
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
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.
Largo Industrial Market Snapshot
Boundary boundary · Industrial · Loan transactions
Loading comparables…
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