Paskoff Real Estate LLC Acquires Industrial Flex Condo In Lake Worth For $3.05M

A 30,700 square foot industrial flex condo located at 1800 Madrid Avenue in Lake Worth was sold for $3.05 million. The transaction involved multiple lenders, including Bank United, Florida Department of Commerce, and Florida First Capital Finance, providing a total debt of $4.07 million for the acquisition. The property is part of the Madrid Avenue Commercial Condominium, consisting of two units in a single-story building.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $3,050,000
• Buyer: Paskoff Real Estate LLC
• Seller: 1800 Madrid LLC
• Broker: Tony Anthony - Matthews
• Lender: Bank United, Florida Department of Commerce, Florida First Capital Finance

The acquisition involved key players in the real estate and financing sectors. Paskoff Real Estate LLC engaged in this transaction with representation from Tony Anthony of Matthews. The financing structure highlighted collaboration with institutional lenders to facilitate the deal.