facebook

traded

+ Submit
Home

/

Deals

/

Florida

/

Industrial

/

Sale

/

1821 7th Avenue North

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

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

Douglas K. Mandel

Marcus & Millichap

Broker

$1.1B

vol

72 deals

Broker

Dan Abrahams

ODAN Capital

Buyer

$81.1M

vol

5 deals

Buyer
Jared Elmar

Jared Elmar

The Geneva Group

Seller

$29.3M

vol

4 deals

Seller

Lake Worth Beach Industrial Market Snapshot

Boundary boundary · Industrial · Sale transactions

Loading comparables…

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