Elion Partners Acquires Industrial Property In Boynton Beach For $25.8M
SOLD
$25,800,000
+ 1
Florida
See Similar DealsIndustrial106,457 SF
Sold 01/27/2020
SOLD
Elion Partners Acquires Industrial Property In Boynton Beach For $25.8M
1210 Southwest 35th Avenue, Boynton Beach, FL, USA
See Similar DealsIndustrial106,457 SF
Sold 01/27/2020
+ 1
Summary
FLORIDA
Asset Type:Industrial
Price Per Square Foot:$242
Total Square Footage:106,457 SF
Transaction Type:Sale
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
- Property Type: Industrial
- Transaction Amount: $25,800,000
- Address: 1200 & 1210 Southwest 35th Avenue, Boynton Beach
- Market: Boynton Beach
- Buyer: Elion Partners - Shlomo Khoudari, Jack Azout, Sylvain Argy, Juan DeAngulo
- Seller: Exeter Property Group
- Square Footage: 106,457
- Price per Square Foot: $242
Players
BROKERAGE
SELLER
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$1,375,999.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$91,661.96
Cash-on-Cash Return-1.27%
Monthly Debt Service$122,305.16
Annual Debt Service$1,467,661.95
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