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:
- 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.
Players
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