Updated Dec 4, 2024
Eli Sabbagh Of Oracle Equity Group Acquires Industrial Property In Clearwater For $5.8M
12485 44th Street North
$5,800,000
$125/SF
Building Size
46,229 SF
Asset Type
Industrial
Closing
Sep 13, 2024
About this deal
AI
The asset involved in this transaction is an industrial property located at 12485 44th Street North, Clearwater, FL. The property comprises a total of 46,229 square feet and was sold for a price of $5,800,000, which translates to a price per square foot of $125.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $5,800,000
- Buyer: Eli Sabbagh - Oracle Equity Group
- Seller: Anh Nguyen
- Sale Date: 09/13/2024
The key individuals involved in this transaction include Eli Sabbagh representing Oracle Equity Group, who acted as the buyer, and Anh Nguyen, who was the seller of the property. Their roles were pivotal in facilitating the sale of this industrial asset in Clearwater, FL.
On the Map
$5,800,000
$125/SF
Industrial
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Players
Clearwater 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
2.73%
Cash-on-Cash
-0.78%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93