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1800 Hypoluxo Road

BEB Capital Provides $9.7M Acquisition Loan For Industrial Property In Boynton Beach
FINANCEDIndustrial

BEB Capital Provides $9.7M Acquisition Loan For Industrial Property In Boynton Beach

1800 Hypoluxo Road

$9,700,000

Building Size

Asset Type

Industrial

Closing

Dec 29, 2023

AI

The industrial property located at 1800 Hypoluxo Road in Boynton Beach was involved in a recent transaction. The property, owned by Juda Hersh and Corey Schwartz of Hersh Equity, attracted the attention of potential buyers. After considering various offers, the sellers decided to secure a loan for the transaction.

Summary of transaction details

  • Property Type: Industrial
  • Transaction Amount: $9,700,000
  • Address: 1800 Hypoluxo Road
  • Market: Boynton Beach

The loan for this acquisition was provided by Sean Silverbrook, Keyvan Ghaytanchi, and Lee Brodsky of BEB Capital. This acquisition loan enabled the buyers to complete the transaction and gain ownership of the industrial property.

Players

Juda Hersh

Hersh Equity Group

Broker

$144.5M

vol

16 deals

Broker
BEB Capital
BEB Capital Lender
Juda Hersh

Juda Hersh

Hersh Equity Group

Landlord

$144.5M

vol

16 deals

Landlord

Lake Worth 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

1.64%

Cash-on-Cash

-0.47%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93