ODAN Capital Acquires Industrial Property In Lake Worth For $4.025M From Seller Jarred Elmar, Marcus & Millichap Brokers
1821 7th Avenue North
$4,025,000
$191/SF
Building Size
21,000 SF
Asset Type
Industrial
Closing
Jan 26, 2023
AI
Located at 1821-1841 7th Avenue North in Lake Worth, this industrial property was recently sold in a closed transaction. The property spans 21,035 square feet and was sold at a price of $4,025,000, resulting in a price per square foot of $191.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $4,025,000
- Address: 1821-1841 7th Avenue North
- Market: Lake Worth
ODAN Capital, represented by Dan Abrahams, acquired the property from seller Jarred Elmar. The deal was facilitated by brokers Zach Levine, Tyler Kuhlman, and Douglas (Doug) Mandel from Marcus & Millichap.
Players
Lake Worth 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
3.94%
Cash-on-Cash
-1.13%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93