Joe Kotler Acquires Industrial Asset In Largo For $2.89M Loan Amount
FINANCED
$2,892,500
Florida
See Similar DealsIndustrial43,726 SF
Financed 07/12/2024
FINANCED
Joe Kotler Acquires Industrial Asset In Largo For $2.89M Loan Amount
12340 66th Street North
See Similar DealsIndustrial43,726 SF
Financed 07/12/2024
Summary
FLORIDA
Asset Type:Industrial
Price Per Square Foot:$66
Total Square Footage:43,726 SF
Transaction Type:Loan
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.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$2,892,500.00
Monthly NOI$19,283.33
Monthly Debt Service$18,282.57
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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