Flying Point Acquires Industrial Portfolio In Hallandale Beach For $4.07M
201 Nw 1st Ave, 224 Nw 2nd Ave, 203-205 Nw 2nd Ave, 202 Nw 2nd St, 204 Nw 3rd Ave, 208 Nw 3rd Ave
$4,070,000
$206/SF
Building Size
19,674 SF
Asset Type
Industrial
Closing
Dec 9, 2022
AI
The industrial portfolio located at 201 NW 1st Ave, 224 NW 2nd Ave, 203-205 NW 2nd Ave, 202 NW 2nd St, 204 NW 3rd Ave, and 208 NW 3rd Ave in Hallandale Beach has been sold. The transaction took place on December 9, 2022, with the sale price amounting to $4,070,000. The buyer of the portfolio is Flying Point, represented by Sam Genet and Zach Sohn. The seller is the Estate of Robert Wesley Shay. The brokers involved in the deal are Maxine Robbins and Karen Elizabeth Ohare from The Keyes Company.
Summary of transaction details
- Property Type: Industrial (Portfolio)
- Transaction Amount: $4,070,000
- Address: 201 NW 1st Ave, 224 NW 2nd Ave, 203-205 NW 2nd Ave, 202 NW 2nd St, 204 NW 3rd Ave, 208 NW 3rd Ave, Hallandale Beach
- Buyer: Flying Point - Sam Genet & Zach Sohn
- Seller: Estate of Robert Wesley Shay
- Brokers: Maxine Robbins & Karen Elizabeth Ohare - The Keyes Company
Flying Point, represented by Sam Genet and Zach Sohn, successfully acquired the industrial portfolio in Hallandale Beach. The estate of Robert Wesley Shay acted as the seller in this transaction. The brokers involved in facilitating this deal were Maxine Robbins and Karen Elizabeth Ohare from The Keyes Company.
Players
Hallandale 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
3.90%
Cash-on-Cash
-1.11%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93