Hallandale Beach Industrial Property Sold For $3.6M By Buyer Flying Point And Seller MMM South Florida
22 Northwest 2nd Street, Hallandale Beach, FL, USA
$3,595,000
$167/SF
Building Size
21,500 SF
Asset Type
Industrial
Closing
Oct 29, 2021
AI
The property asset involved in this transaction is an industrial type located at 208 NW 1 Ave, 214-224 NW 1 Avenue, and 18-22 NW 2 Street in Hallandale Beach. The asking price was $3,650,000, while the sale price was finalized at $3,595,000. The total square footage of the asset is 21,500, resulting in a price per square foot of $167.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $3,595,000
- Address: 208 NW 1 Ave, 214-224 NW 1 Avenue, 18-22 NW 2 Street
- Market: Hallandale Beach
- Buyer: Flying Point - Zach Sohn & Sam Genet
- Seller: MMM South Florida - Scott Milgram
- Broker: Miguel Pinto - Apex Capital Realty
This transaction was facilitated by broker Miguel Pinto, representing Apex Capital Realty, who played a pivotal role in bringing together the buyer and seller. The buyers, Zach Sohn and Sam Genet from Flying Point, were interested in acquiring the industrial asset from seller Scott Milgram of MMM South Florida, completing the deal on 10/29/2021.
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
4.41%
Cash-on-Cash
-1.26%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93