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EML Realty Partners Acquires Cape Canaveral Industrial Campus For $4.1M

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SOLD
$4,125,000

Florida

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Industrial37,000 SF
Sold 08/08/2023
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SOLD

EML Realty Partners Acquires Cape Canaveral Industrial Campus For $4.1M

250 W Central Blvd Cape Canaveral, Fl 32920, Usa

See Similar Deals
Industrial37,000 SF
Sold 08/08/2023
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Summary

FLORIDA
Asset Type:Industrial
Price Per Square Foot:$111
Total Square Footage:37,000 SF
Transaction Type:Sale

The Cape Canaveral Industrial Campus located at 250-270 West Central Avenue has been sold for a price of $4,125,000. The industrial property spans a total area of 37,000 square feet, resulting in a price per square foot of $111. The strategic location of the property, in close proximity to the port, makes it highly desirable in the market where industrial space is limited. The buyer in this transaction is EML Realty Partners, represented by Eric M. Levitt.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: $4,125,000
  • Address: 250-270 West Central Avenue, Cape Canaveral
  • Market: Cape Canaveral
  • Buyer: EML Realty Partners - Eric M. Levitt
  • Square Footage: 37,000
  • Price Per Square Foot: $111

EML Realty Partners, based in Jupiter, FL, is known for their focus on value-add industrial real estate investments. The acquisition of the Cape Canaveral Industrial Campus aligns with their investment strategy due to the property's strategic location and the limited supply of industrial space in the area surrounding the port. The purchase demonstrates EML's commitment to capitalize on opportunities in the industrial real estate market.

Players

Eric M. Levitt
13 deals$63M volume
BUYER

Details

SOLD
IMAGE: Eric M. Levitt DATE: 08/08/2023 ADDRESS: 250-270 West Central Avenue MARKET: Cape Canaveral ASSET TYPE: Industrial BUYER: EML Realty Partners - Eric M. Levitt SALE PRICE: $4,125,000 SF: 37,000 ~ PPSF: $111 NOTE: EML Realty Partners, based in Jupiter, FL, has purchased the Cape Canaveral Industrial Campus for $4.1 million. The property's strategic location and limited supply of industrial space around the port align with EML's focus on value-add industrial real estate investments.

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

$220,000.01

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$14,655.25
Cash-on-Cash Return-1.27%
Monthly Debt Service$19,554.60
Annual Debt Service$234,655.25