Elion Partners Sells Industrial Asset In Coral Springs For $12.5M With AXIOM Brokers
SOLD
$12,500,000
Florida
See Similar DealsIndustrial160,210 SF
Sold 02/29/2024
SOLD
Elion Partners Sells Industrial Asset In Coral Springs For $12.5M With AXIOM Brokers
11705 Northwest 39th Street & 11713 Northwest 39th Street
See Similar DealsIndustrial160,210 SF
Sold 02/29/2024
Summary
FLORIDA
Asset Type:Industrial
Price Per Square Foot:$78
Total Square Footage:160,210 SF
Transaction Type:Sale
The industrial property located at 11705-11713 Northwest 39th Street in Coral Springs was sold for $12,500,000. This property spans 80,105 square feet, resulting in a price per square foot of $156.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $12,500,000
- Address: 11705-11713 Northwest 39th Street
- Market: Coral Springs
- Seller: Elion Partners - Shlomo Khoudari
- Brokers: Jose Sasson Lerner, Roberto Susi & Elad Barokas - AXIOM Capital Advisors
The sale was facilitated by Jose Sasson Lerner, Roberto Susi, and Elad Barokas of AXIOM Capital Advisors. They specialize in sourcing and facilitating off-market transactions, providing a personalized approach to each real estate deal.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$666,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$44,409.85
Cash-on-Cash Return-1.27%
Monthly Debt Service$59,256.38
Annual Debt Service$711,076.53
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