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1210 Southwest 35th Avenue,...

Elion Partners Acquires Industrial Property In Boynton Beach For $25.8M
SOLDIndustrial

Elion Partners Acquires Industrial Property In Boynton Beach For $25.8M

1210 Southwest 35th Avenue, Boynton Beach, FL, USA

$25,800,000

$242/SF

Building Size

106,457 SF

Asset Type

Industrial

Closing

Jan 26, 2020

AI

An industrial property located at 1200 & 1210 Southwest 35th Avenue in Boynton Beach has been sold for $25,800,000. The property encompasses a total area of 106,457 square feet, resulting in a price per square foot of $242. The transaction took place on January 27, 2020. The buyer of the property is Elion Partners, represented by Shlomo Khoudari, Jack Azout, Sylvain Argy, and Juan DeAngulo. The seller of the property is Exeter Property Group.

Summary of Transaction Details

Players

Elion Partners
Elion PartnersBrokerage

Shlomo Khoudari

Elion Partners

Buyer

$292.4M

vol

15 deals

Buyer
Exeter Property Group
Exeter Property GroupSeller

Boynton 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

0.61%

Cash-on-Cash

-0.18%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93