Asi Cabessa Acquires Industrial Property In Margate For $10.75M
SOLD
$10,750,000
+ 1
Florida
See Similar DealsIndustrial56,988 SF
Sold
SOLD
Asi Cabessa Acquires Industrial Property In Margate For $10.75M
1801 Mears Pkwy, Margate, Florida 33063, United States
See Similar DealsIndustrial56,988 SF
Sold
+ 1
Summary
FLORIDA
Asset Type:Industrial
Price Per Square Foot:$188
Total Square Footage:56988 SF
Transaction Type:Sale
Located in Margate, the industrial property at 1801-2248 Mears Parkway has been sold in a recent transaction. The property spans approximately 56,988 square feet and is situated in a bustling market.
Summary of transation details:
- Property Type: Industrial
- Transaction Amount: $10,750,000
- Square Footage: 56,988
- Price Per Square Foot: $189
- Address: 1801-2248 Mears Parkway, Margate
The buyer of the property is Asi Cabessa, while the seller is Rory McCarty. Leading the deal were brokers Tyler S. Kuhlman and Douglas K. Mandel from Marcus & Millichap, representing the respective parties.
Players
Details
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Similar Deals
Contact
Get in touch with the broker you want
Similar Buyers
Unlock All Profiles
Upgrade to Traded Pro for full access to every deal, profile & market insight.Unlimited deal views
Access investor profiles & contacts
Exclusive comps & market data
Go Pro
Similar Brokers
Search Address Tool
Enter any address to instantly view nearby comps, investors, brokers, lenders, and a visual map.NEW!
Similar News
No recent news available for this market
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Similar Listings
Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$573,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$38,192.49
Cash-on-Cash Return-1.27%
Monthly Debt Service$50,960.48
Annual Debt Service$611,525.81
Is there something missing? Send suggestions