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2501 Wiles Road, Deerfield ...

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

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

Larry Genet

CBRE

Broker

$436M

vol

57 deals

Broker
IV
Industrial Outdoor VenturesBuyer

Eric Johnson

Industrial Outdoor Ventures

Buyer

$66M

vol

2 deals

Buyer

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