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1121 Northwest 31st Avenue,...

Elion Partners Acquires Industrial Property In Pompano Beach For $15.25M
SOLDIndustrial

Elion Partners Acquires Industrial Property In Pompano Beach For $15.25M

1121 Northwest 31st Avenue, Pompano Beach, Florida 33069, United States

$15,250,000

$240/SF

Building Size

63,498 SF

Asset Type

Industrial

Closing

Jun 6, 2022

AI

An industrial property situated at 1121 NW 31st Ave in Pompano Beach has been sold for a price of $15,250,000. The property spans across 3.5 acres and spans a total of 63,000 square feet. The sale took place on 06/07/2022.

Summary of transation details

  • Property Type: Industrial
  • Transaction Amount: $15,250,000
  • Address: 1121 NW 31st Ave, Pompano Beach
  • Market: Pompano Beach
  • Size: 3.5 acres

The buyer of the industrial property is Elion Partners, represented by Shlomo Khoudari. The seller is Applegate Development USA, represented by Richard Applegate. Axiom Capital Advisors, represented by Jose Sasson & Roberto Susi, served as the buyer's representatives in the transaction. On the other hand, Jordan Beck from Berger Commercial Realty acted as the seller's representative.

Notable for facilitating off-market transactions, Axiom Capital Advisors specializes in sourcing and assisting in such deals. For any future opportunities, interested parties can reach out to Jose Sasson at 786-393-8089 or [email protected].

Players

Jose Sasson Lerner

AXIOM Capital Advisors

Broker

$872.9M

vol

77 deals

Broker
Berger Realty
Berger RealtyBrokerage
Shlomo Khoudari

Shlomo Khoudari

Elion Partners

Buyer

$292.4M

vol

15 deals

Buyer

Pompano 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

1.04%

Cash-on-Cash

-0.30%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93