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12505 66th Street North, La...

Juda Hersh Acquires Industrial Property In Largo From Ted Tenaglia For $3M
SOLDIndustrial

Juda Hersh Acquires Industrial Property In Largo From Ted Tenaglia For $3M

12505 66th Street North, Largo, Florida 33773, United States

$3,000,000

$120/SF

Building Size

25,000 SF

Asset Type

Industrial

Closing

Jun 14, 2022

AI

The industrial property located at 12505 66th Street in Largo has been sold in a closed transaction. The property spans 25,000 square feet and was sold for a price of $3,000,000, resulting in a per square foot price of $120. The sale took place on 06/15/2022.

Summary of transaction details

  • Property Type: Industrial
  • Transaction Amount: $3,000,000
  • Address: 12505 66th Street, Largo
  • Market: Largo

The buyer of the property is Juda Hersh, represented by Hersh Equity Group. The seller is Ted Tenaglia. Hersh Equity Group (HEG) is a Miami-based family office specializing in value-add industrial assets. Since December 2021, they have acquired over 270,000 square feet with more than 150 tenants in the Tampa MSA. HEG aims to acquire 1 million square feet by the end of 2023. For off-market opportunities, they can be contacted at [email protected].

Players

Juda Hersh

Hersh Equity Group

Buyer

$144.5M

vol

16 deals

Buyer
BEB Capital
BEB Capital Lender

Pinellas Park 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

5.29%

Cash-on-Cash

-1.51%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93