Updated Mar 11, 2025
US Century Bank Provides $2.58M Acquisition Loan For 30,000 SF Industrial Building In Immokalee, FL
2050 Commerce Avenue, Immokalee, Florida 34142, United States
$2,580,000
$86/SF
Building Size
30,000 SF
Asset Type
Industrial
Closing
Apr 14, 2022
About this deal
AI
The acquisition of a 30,000 SF industrial building located at 2050 Commerce Ave in Immokalee, FL, has been financed by a loan from US Century Bank. The loan amount for this acquisition is $2,580,000. The loan terms include a five-year fixed rate of 4.10%.
Summary of Transaction Details
- Property Type: Industrial
- Transaction Amount: $2,580,000
- Address: 2050 Commerce Ave, Immokalee, FL
- Market: Immokalee, FL
- Lender: US Century Bank
- Broker: Emil DePasquale - Black Bear Capital Partner
Emil DePasquale from Black Bear Capital Partner represented the buyer in this transaction.
Immokalee 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
6.15%
Cash-on-Cash
-1.76%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93