Joe Kotler Purchases Industrial Property At 12340 66th Street Largo For $4.45M
12340 66th Street North
$4,450,000
$90/SF
Building Size
49,178 SF
Asset Type
Industrial
Closing
Jul 12, 2024
AI
The property asset involved in this transaction is an industrial asset located at 12340 66th Street in the Largo market. The sale price for the property was $4,450,000, which translates to a price per square foot of $90. The total square footage of the asset is 49,178.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $4,450,000
- Address: 12340 66th Street
- Market: Largo
- Square Footage: 49,178
- Price per Square Foot: $90
- Buyer: Joe Kotler
- Seller: Thomas Reni
- Buyer's Representative: Jesse Gregg & Lyman Phillips - Golden Lion Capital Investments
- Seller's Representative: Pablo Vignolo, Raul Pino & Jose Montero - The Hype Real Estate Group
The individuals involved in the transaction include Joe Kotler as the buyer and Thomas Reni as the seller. Jesse Gregg and Lyman Phillips represent the buyer through Golden Lion Capital Investments, while the seller is represented by Pablo Vignolo, Raul Pino, and Jose Montero of The Hype Real Estate Group. Golden Lion Capital specializes in sourcing various opportunities nationwide, including industrial, office, multifamily, and hotel properties. Meanwhile, The Hype Real Estate Group focuses on sourcing off-market and competitively priced opportunities throughout Florida.
Players
Largo 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
3.56%
Cash-on-Cash
-1.02%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93