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Zach Sohn & Sam Genet Of Flying Point Acquire Industrial Property In Hollywood For $5.75M

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SOLD
$5,750,000
Adriano Salucci
Jason Abitbol
+ 3

Florida

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Industrial38,812 SF
Sold 02/23/2023
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Property Image
SOLD

Zach Sohn & Sam Genet Of Flying Point Acquire Industrial Property In Hollywood For $5.75M

1401 - 1425 South 30th Avenue

See Similar Deals
Industrial38,812 SF
Sold 02/23/2023
Adriano Salucci
Jason Abitbol
+ 3
Contact now

Summary

FLORIDA
Asset Type:Industrial
Price Per Square Foot:$148
Total Square Footage:38,812 SF
Transaction Type:Sale

The industrial property located at 1401-1425 South 30th Avenue in Hollywood has been sold. The transaction was facilitated by APEX Capital Realty, with Miguel Pinto, Felipe Escobar, Adriano Salucci, and Jason Abitbol serving as the brokers. The property was purchased by Zach Sohn and Sam Genet, representing Flying Point, for a total sale price of $5,750,000.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: $5,750,000
  • Square Footage: 38,812
  • Price per Square Foot: $148
  • Building Square Footage: 31,348
  • Price per Building Square Foot: $183
  • Address: 1401-1425 South 30th Avenue
  • Market: Hollywood

Zach Sohn and Sam Genet, representing Flying Point, successfully acquired the industrial property. Leona V. Axelson TR acted as the seller in this transaction. The brokers from APEX Capital Realty, including Miguel Pinto, Felipe Escobar, Adriano Salucci, and Jason Abitbol, played a crucial role in facilitating the deal.

Players

Miguel Pinto
50 deals$330.5M volume
BROKER

Jason Abitbol
APEX Capital Realty
26 deals$179M volume(561) 542-3704
BROKER

Adriano Salucci
APEX Capital Realty
29 deals$121.6M volume(305) 340-3584
BROKER

Felipe Escobar
APEX Capital Realty
15 deals$48.3M volume(305) 985-9295
BROKER


Zach Sohn
Flying Point
14 deals$58.9M volume
BUYER

SELLER

Details

SOLD
IMAGE: Jason Abitbol, Miguel Pinto, Felipe Escobar & Adriano Salucci DATE: 02/23/2023 ADDRESS: 1401-1425 South 30th Avenue MARKET: Hollywood ASSET TYPE: Industrial BUYER: Zach Sohn & Sam Genet - Flying Point (@FlyingPointRE) SELLER: Leona V. Axelson TR BROKERS: Miguel Pinto, Felipe Escobar (@Juanesc0bar), Adriano Salucci & Jason Abitbol (@Jasonabitbol) - APEX Capital Realty (@ApexCapitalRealty) SALE PRICE: $5,750,000 SF: 38,812 ~ PPSF: $148 Building SF: 31,348 ~ PPBSF: $183

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$306,666.67

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$20,428.53
Cash-on-Cash Return-1.27%
Monthly Debt Service$27,257.93
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