Anthony Scavo Jr Acquires Clearwater Industrial Property From Hersh Equity Group For $6.75M
SOLD
$6,750,000
Florida
See Similar DealsIndustrial44,562 SF
Sold 12/22/2023
SOLD
Anthony Scavo Jr Acquires Clearwater Industrial Property From Hersh Equity Group For $6.75M
14605 49th Street
See Similar DealsIndustrial44,562 SF
Sold 12/22/2023
Summary
FLORIDA
Asset Type:Industrial
Price Per Square Foot:$151
Total Square Footage:44,562 SF
Transaction Type:Sale
The industrial property located at 14605 49th Street North in Clearwater, FL has been sold in a closed transaction. The property spans an area of 44,562 square feet with a price per square foot of $151. The sale price for this transaction was $6,750,000. The buyer of the property is Anthony Scavo Jr, representing Basis Industrial. The seller of the property is Hersh Equity Group.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $6,750,000
- Square Footage: 44,562
- Price Per Square Foot: $151
- Buyer: Anthony Scavo Jr - Basis Industrial
- Seller: Hersh Equity Group
This transaction was facilitated by Anthony Scavo Jr from Basis Industrial, representing the buyer, and involves the sale of an industrial property located in Clearwater, FL. The property was sold to Anthony Scavo Jr at a price of $6,750,000, with a total area of 44,562 square feet and a price per square foot of $151. The seller in this transaction was Hersh Equity Group.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$360,000.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$23,981.32
Cash-on-Cash Return-1.27%
Monthly Debt Service$31,998.44
Annual Debt Service$383,981.32
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