Hugo Jimenez Purchases Industrial Asset At 2297 Lake Avenue Southeast For $4.31M With Representation From Jordan Beck And Doug Mandel
SOLD
$4,310,000
Florida
See Similar DealsIndustrial32,415 SF
Sold 07/02/2025
SOLD
Hugo Jimenez Purchases Industrial Asset At 2297 Lake Avenue Southeast For $4.31M With Representation From Jordan Beck And Doug Mandel
2297 Lake Avenue Southeast
See Similar DealsIndustrial32,415 SF
Sold 07/02/2025
Summary
FLORIDA
Asset Type:Industrial
Price Per Square Foot:$133
Total Square Footage:32,415 SF
Transaction Type:Sale
The industrial asset located at 2297 Lake Avenue Southeast in Largo was sold for $4,310,000. It comprises a total area of 32,415 square feet, leading to a per square foot price of $132.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $4,310,000
- Buyer: Hugo Jimenez
- Seller: Jarred Elmar - Geneva Group
- Buyer's Representative: Jordan Beck - Berger Commercial Realty
- Seller's Representative: Doug Mandel - Marcus & Millichap
This transaction highlights the roles of the individuals involved, with Jordan Beck representing the buyer and Doug Mandel acting on behalf of the seller, facilitating the deal between these parties.
Players
SELLER
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$229,866.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$15,312.51
Cash-on-Cash Return-1.27%
Monthly Debt Service$20,431.60
Annual Debt Service$245,179.19
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