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1111 Southwest 30th Avenue,...

Elion Partners Acquires Industrial Property In Deerfield Beach For $22M
SOLDIndustrial

Elion Partners Acquires Industrial Property In Deerfield Beach For $22M

1111 Southwest 30th Avenue, Deerfield Beach, FL, USA

$22,000,000

$139/SF

Building Size

158,000 SF

Asset Type

Industrial

Closing

Feb 12, 2020

AI

An industrial property located at 1111 Southwest 30 Avenue in Deerfield Beach has been sold for $22,000,000. The property spans a total area of 158,000 square feet, with a price per square foot of $139. The seller of the property was Rexall Sundown, represented by Carl DeSantis. The buyer of the property was Elion Partners, represented by Jack Azout, Sylvain Argy, Juan DeAngulo, and Shlomo Khoudari.

Summary of transaction details

  • Property Type: Industrial
  • Transaction Amount: $22,000,000
  • Square Footage: 158,000
  • Price Per Square Foot: $139
  • Address: 1111 Southwest 30 Avenue
  • Market: Deerfield Beach

The buyer of the property, Elion Partners, was represented by Jack Azout, Sylvain Argy, Juan DeAngulo, and Shlomo Khoudari throughout the transaction. They successfully acquired the industrial asset from Rexall Sundown, with Carl DeSantis acting as the seller's representative.

Players

Elion Partners
Elion PartnersBrokerage

Shlomo Khoudari

Elion Partners

Buyer

$292.4M

vol

15 deals

Buyer

Deerfield Beach Industrial Market Snapshot

Boundary boundary · Industrial · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.72%

Cash-on-Cash

-0.21%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93