Industrial Outdoor Ventures Acquires Industrial Property In Deerfield Beach, FL For $59M
2501 Wiles Road, Deerfield Beach, Florida 33073, United States
$59,000,000
$59/SF
Building Size
988,800 SF
Asset Type
Industrial
Closing
Oct 11, 2022
AI
An industrial property located at 2501 Wiles Rd in Deerfield Beach, FL has been sold for a price of $59,000,000. The property spans across 988,800 square feet, resulting in a price per square foot of $59. The sale took place on October 11, 2022.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $59,000,000
- Square Footage: 988,800
- Address: 2501 Wiles Rd, Deerfield Beach, FL
- Market: Deerfield Beach, FL
The buyer of the property is Industrial Outdoor Ventures, represented by Tom Barbera, Anthony DeLaurentis, and Eric Johnson. The seller is Ranger Asphalt, specifically Pompano Ops Land. The deal was facilitated by brokers Noah Ohayon, Larry Genet, and Tom O'Loughlin from CBRE.
Players
Deerfield 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
0.27%
Cash-on-Cash
-0.08%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93