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1471 Southwest 30th Avenue

Updated Dec 4, 2024

Josh Levy Acquires Industrial Property In Deerfield Beach For $2.7M
SOLDIndustrial

Josh Levy Acquires Industrial Property In Deerfield Beach For $2.7M

1471 Southwest 30th Avenue

$2,700,000

$200/SF

Building Size

13,450 SF

Asset Type

Industrial

Closing

Sep 28, 2023

About this deal

AI

An Industrial property located at 1471 Southwest 30th Avenue in Deerfield Beach was recently sold for $2,700,000. The asset spans a total of 13,450 square feet, resulting in a price per square foot of $201. The sale was facilitated by broker Lielle Sosa from Silmar Realty, representing both the buyer, Josh Levy, and the seller, Edward Flak. This off-market transaction was executed seamlessly, involving multiple tenants within the industrial warehouse.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: $2,700,000
  • Address: 1471 Southwest 30th Avenue
  • Market: Deerfield Beach
  • Square Footage: 13,450
  • Buyer: Josh Levy
  • Seller: Edward Flak
  • Broker: Lielle Sosa - Silmar Realty
  • Represented Both Buyer and Seller

This exclusive transaction underlines the expertise of Lielle Sosa from Silmar Realty, who skillfully managed to represent both parties, ensuring a smooth and efficient deal. The involvement of key individuals like Josh Levy and Edward Flak highlights the collaborative effort that led to the successful sale of this multi-tenant industrial property, showcasing the value of expert brokerage services in real estate transactions.

Players

Lielle Sosa

Levy Realty Advisors

Broker

$24.4M

vol

3 deals

Broker

Deerfield Beach Industrial Market Snapshot

Boundary boundary · Industrial · Sale transactions

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Deal FAQ

About $200 per square foot on a published $2.7M for 13,450 square feet (2023).

Visit Lielle Sosa to view all their deals.

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

5.88%

Cash-on-Cash

-1.68%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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