Elion Partners Sells 78,586 Square Foot Warehouse To Wesco Turf For $21.19M In Delray Beach

The property asset involved in this transaction is an industrial asset located at 1301 Northwest 3rd Street in Delray Beach, encompassing a total area of 3.5 acres. The sale price of the asset was $21,190,000, which translates to a price per square foot of $270 for the 78,586-square-foot facility.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $21,190,000
• Square Footage: 78,586
• Price Per Square Foot: $270
• Address: 1301 Northwest 3rd Street
• Market: Delray Beach
• Seller: Shlomo Khoudari, Jack Azout & Sylvain Argy - Elion Partners
• Lender: The Northern Trust Company

Elion Partners, represented by Shlomo Khoudari, Jack Azout, and Sylvain Argy, completed the transaction with tenant Wesco Turf, marking a significant increase in the property's value from $15.6 million in 2022. The Northern Trust Company facilitated this acquisition with a mortgage of $10 million.