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11705 Northwest 39th Street

Elion Partners Sells Industrial Asset In Coral Springs For $12.5M With AXIOM Brokers
SOLDIndustrial

Elion Partners Sells Industrial Asset In Coral Springs For $12.5M With AXIOM Brokers

11705 Northwest 39th Street & 11713 Northwest 39th Street

$12,500,000

$78/SF

Building Size

160,210 SF

Asset Type

Industrial

Closing

Feb 29, 2024

AI

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:

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.

Players

Jose Sasson Lerner

AXIOM Capital Advisors

Broker

$878.8M

vol

78 deals

Broker

Coral Springs 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

1.27%

Cash-on-Cash

-0.36%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93