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Industrial Outdoor Ventures Acquires Industrial Property In Deerfield Beach, FL For $59M

Property Image
SOLD
$59,000,000
Tom O'Loughlin
Larry Genet
Noah Ohayon
+ 1

Florida

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Industrial988,800 SF
Sold 10/11/2022
the dealplayerscompscontact
Property Image
SOLD

Industrial Outdoor Ventures Acquires Industrial Property In Deerfield Beach, FL For $59M

2501 Wiles Road, Deerfield Beach, Florida 33073, United States

See Similar Deals
Industrial988,800 SF
Sold 10/11/2022
Tom O'Loughlin
Larry Genet
Noah Ohayon
+ 1
the dealplayerscompscontact
Contact now

Summary

FLORIDA
Asset Type:Industrial
Price Per Square Foot:$59
Total Square Footage:988,800 SF
Transaction Type:Sale

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

Larry Genet
CBRE
Larry Genet
57 deals$436M volume(305) 807-0004
BROKER
Tom O'Loughlin
CBRE
Tom O'Loughlin
56 deals$831.7M volume(954) 817-3919
BROKER
Noah Ohayon
AXIOM Capital Advisors
Noah Ohayon
18 deals$174.1M volume
BROKER
IV
Industrial Outdoor Ventures
BUYER
IV
Industrial Outdoor Ventures
BUYER
EJ
Eric Johnson
2 deals$66M volume
BUYER

Details

SOLD
IMAGE: Tom Barbera, Anthony Delaurentis, Noah Ohayon, Eric Johnson, Tom O’Loughlin & Larry Genet DATE: 10/11/2022 ADDRESS: 2501 Wiles Rd MARKET: Deerfield Beach, FL ASSET TYPE: Industrial BUYER: Industrial Outdoor Ventures (@IndustrialOutdoorVentures) - Tom Barbera (@BarberaTom), Anthony DeLaurentis, & Eric Johnson SELLER: Ranger Asphalt - Pompano Ops Land BROKERS: Noah Ohayon (@NoahOhayon00), Larry Genet (@LarryGenet) & Tom O’Loughlin (@OLoughlin.Tom) - CBRE (@CBRE) SALE PRICE: $59,000,000 SF: 988,800 ~ PPSF: $59

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

$3,146,666.66

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$209,614.55
Cash-on-Cash Return-1.27%
Monthly Debt Service$279,690.10
Annual Debt Service$3,356,281.20