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12485 44th Street North

Eli Sabbagh Of Oracle Equity Group Acquires Industrial Property In Clearwater For $5.8M
SOLDIndustrial

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

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.

Players

Clearwater Industrial Market Snapshot

Boundary boundary · Industrial · Sale transactions

Loading comparables…

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