Hugo Jimenez Of Jimbajim Investments Acquires Industrial Property In Lake Worth Beach For $4.6M
SOLD
$4,600,000
Florida
See Similar DealsIndustrial21,000 SF
Sold 02/29/2024
SOLD
Hugo Jimenez Of Jimbajim Investments Acquires Industrial Property In Lake Worth Beach For $4.6M
1821 7th Avenue North
See Similar DealsIndustrial21,000 SF
Sold 02/29/2024
Summary
FLORIDA
Asset Type:Industrial
Price Per Square Foot:$219
Total Square Footage:21,000 SF
Transaction Type:Sale
The industrial property located at 1821 7th Avenue North in Lake Worth Beach was successfully sold for a total price of $4,600,000. Spanning 21,000 square feet, the property was acquired at a price per square foot of $219.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $4,600,000
- Buyer: Hugo Jimenez - Jimbajim Investments
- Seller: Shai Moschowits - Present Equity Advisors
- Broker: Jordan Beck - Berger Commercial Realty
- Market: Lake Worth Beach
- Address: 1821 7th Avenue North
The deal was facilitated by Jordan Beck from Berger Commercial Realty, representing the seller, Shai Moschowits of Present Equity Advisors, and the buyer, Hugo Jimenez of Jimbajim Investments.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$245,333.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$16,342.84
Cash-on-Cash Return-1.27%
Monthly Debt Service$21,806.35
Annual Debt Service$261,676.16
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