facebook
Traded Co logo
Submit

ODAN Capital Acquires Industrial Property In Lake Worth For $4.025M From Seller Jarred Elmar, Marcus & Millichap Brokers

Property Image
SOLD
$4,025,000
Tyler Kuhlman
Douglas K. Mandel
+ 2

Florida

See Similar Deals
Industrial21,000 SF
Sold 01/26/2023
the dealplayerscompscontact
Property Image
SOLD

ODAN Capital Acquires Industrial Property In Lake Worth For $4.025M From Seller Jarred Elmar, Marcus & Millichap Brokers

1821 7th Avenue North

See Similar Deals
Industrial21,000 SF
Sold 01/26/2023
Tyler Kuhlman
Douglas K. Mandel
+ 2
Contact now

Summary

FLORIDA
Asset Type:Industrial
Price Per Square Foot:$191
Total Square Footage:21,000 SF
Transaction Type:Sale

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

Douglas K. Mandel
72 deals$1.1B volume(954) 245-3465
BROKER

Tyler Kuhlman
CBRE
113 deals$1.6B volume(561) 685-0140
BROKER

Zach Levine
Marcus & Millichap
41 deals$620.1M volume(954) 296-6253
BROKER


Jared Elmar
4 deals$29.3M volume
SELLER

Details

SOLD
IMAGE: Zach Levine, Tyler Kuhlman, Douglas Mandel & Jarred Elmar DATE: 01/26/2023 ADDRESS: 1821-1841 7th Avenue North MARKET: Lake Worth ASSET TYPE: Industrial BUYER: ODAN Capital - Dan Abrahams SELLER: Jarred Elmar BROKERS: Zach Levine (@Zachlevine_), Tyler Kuhlman (@Tylerkuhlman_) & Douglas (Doug) Mandel (@Dougmandel) - Marcus & Millichap (@MarcusMillichap_Fl) SALE PRICE: $4,025,000 SF: 21,035 ~ PPSF: $191 &Millichap

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

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
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$214,666.67

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$14,299.97
Cash-on-Cash Return-1.27%
Monthly Debt Service$19,080.55
Annual Debt Service$228,966.64