Updated May 23, 2025
Henry Steinberg Of EQT Exeter Acquires Two Industrial Properties From Shlomo Khoudari For $55.35M
1111 Southwest 30th Avenue & 1121 Northwest 31st Avenue
$55,350,000
$121/SF
Building Size
228,540 SF
Asset Type
Industrial
Closing
May 23, 2025
About this deal
AI
The property involved in this transaction includes two warehouses located at 1111 Southwest 30th Avenue, Deerfield Beach and 1121 Northwest 31st Avenue in the Deerfield Beach and Pompano Beach markets. The total sale price for the assets is $55,350,000. The combined square footage of the properties is 228,540, with the price per square foot calculated at $242. The total acreage for the assets is 16.5.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $55,350,000
- Buyer: Henry Steinberg - EQT Exeter
- Seller: Shlomo Khoudari - Elion Partners
- Square Footage: 228,540
- Sale Price of Deerfield Beach Warehouse: $37,950,000
- Sale Price of Pompano Beach Warehouse: $17,400,000
Henry Steinberg represents EQT Exeter, which is involved in the acquisition of the two warehouses. Shlomo Khoudari represents Elion Partners, who completed the sale. This transaction marks EQT Exeter’s third major industrial acquisition in South Florida over a six-month period.
On the Map
$55,350,000
$121/SF
Industrial
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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
0.29%
Cash-on-Cash
-0.08%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93