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

Property Image
SOLD
$22,000,000
Sylvain Argy
Juan R Deangulo
+ 1

Florida

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Industrial158,000 SF
Sold 02/13/2020
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Property Image
SOLD

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

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

See Similar Deals
Industrial158,000 SF
Sold 02/13/2020
Sylvain Argy
Juan R Deangulo
+ 1
Contact now

Summary

FLORIDA
Asset Type:Industrial
Price Per Square Foot:$139
Total Square Footage:158,000 SF
Transaction Type:Sale

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

BROKERAGE

14 deals$275.4M volume
BUYER

Sylvain Argy
Elion Partners
8 deals$149.4M volume
BUYER

Juan R Deangulo
Elion Partners
5 deals$101.6M volume
BUYER

Jack Azout
Elion Partners
8 deals$135.3M volume
BUYER

Details

SOLD
IMAGE: Jack Azout, Sylvain Argy, Juan DeAngulo & Shlomo Khoudari DATE: 02/13/2020 ADDRESS: 1111 Southwest 30 Avenue MARKET: Deerfield Beach ASSET TYPE: Industrial SELLER: Rexall Sundown - Carl DeSantis BUYER: Elion Partners - Jack Azout, Sylvain Argy, Juan DeAngulo & Shlomo Khoudari PRICE: $22,000,000 SF: 158,000 ~ PPSF: $139

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$1,173,333.33

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$78,161.35
Cash-on-Cash Return-1.27%
Monthly Debt Service$104,291.22
Annual Debt Service$1,251,494.69