Updated Dec 4, 2024
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.
Deerfield Beach Industrial Market Snapshot
Boundary boundary · Industrial · Sale transactions
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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