Bridge Investment Group Acquires Industrial Property In Deerfield Beach For $15.2M
1471 West Hillsboro Boulevard, Deerfield Beach, Florida 33442, United States
$15,200,000
$207/SF
Building Size
73,216 SF
Asset Type
Industrial
Closing
Feb 1, 2022
AI
The industrial property located at 1471 West Hillsboro Boulevard in Deerfield Beach has been sold in a transaction facilitated by Michael Scarpino of Scarpino Commercial Real Estate Services. The sale was completed on 02/02/2022, with Tucker Enterprises as the seller and Bridge Investment Group, represented by Robert Morse, as the buyer.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $15,200,000
- Address: 1471 West Hillsboro Boulevard, Deerfield Beach
- Market: Deerfield Beach
- Buyer: Bridge Investment Group - Robert Morse
- Seller: Tucker Enterprises
- Broker: Michael Scarpino - Scarpino Commercial Real Estate Services
- Square Footage: 73,216
- Price per Square Foot: $208
The sale of this industrial property marks a significant transaction in the Deerfield Beach market. The involvement of Bridge Investment Group, represented by Robert Morse, highlights their continued investment in the industrial sector. Tucker Enterprises, the seller, can benefit from the sale proceeds, while Michael Scarpino of Scarpino Commercial Real Estate Services played a crucial role in facilitating the deal. This transaction demonstrates the active nature of the industrial real estate market in Deerfield Beach.
Players
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
1.04%
Cash-on-Cash
-0.30%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93