Elion Partners Acquires Industrial Property In Deerfield Beach For $15.6M With Buyer's Rep Sylvain Argy & Seller's Rep Sandra Mantey
SOLD
$15,600,000
Florida
See Similar DealsIndustrial74 SF
Sold 03/11/2022
SOLD
Elion Partners Acquires Industrial Property In Deerfield Beach For $15.6M With Buyer's Rep Sylvain Argy & Seller's Rep Sandra Mantey
1301 Northwest 3rd Street, Deerfield Beach, Florida 33442, United States
See Similar DealsIndustrial74 SF
Sold 03/11/2022
Summary
FLORIDA
Asset Type:Industrial
Price Per Square Foot:$210,810
Total Square Footage:74 SF
Transaction Type:Sale
The industrial property located at 1301 NW 3rd St in Deerfield Beach has been sold for a price of $15,600,000. The property spans across 74,000 square feet, resulting in a price per square foot of $210. The sale took place on 11/03/2022.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $15,600,000
- Address: 1301 NW 3rd St, Deerfield Beach
- Square Footage: 74,000
The buyer in this transaction was Elion Partners, represented by Sylvain Argy. The seller was Tesco South, represented by Sandra Mantey. The brokerage involved in this deal was Berger Commercial Realty, with Jordan Beck serving as the broker.
Players
BROKERAGE
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$832,000.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$55,423.50
Cash-on-Cash Return-1.27%
Monthly Debt Service$73,951.96
Annual Debt Service$887,423.50
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