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
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