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Ramin Youness Acquires Industrial Asset In Lake Worth For $4M

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SOLD
$4,000,000

Florida

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Industrial17,000 SF
Sold 06/01/2022
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SOLD

Ramin Youness Acquires Industrial Asset In Lake Worth For $4M

2602 Kelly Lane, Lake Worth Beach, Florida 33460, United States

See Similar Deals
Industrial17,000 SF
Sold 06/01/2022
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Summary

FLORIDA
Asset Type:Industrial
Price Per Square Foot:$235
Total Square Footage:17,000 SF
Transaction Type:Sale

The property involved in this transaction is a newly renovated warehouse located at 2602 Kelly Ln in Lake Worth. It spans 17,000 square feet and is situated just 10 minutes south of Palm Beach. The property is an industrial asset, making it suitable for various industrial needs in South Florida.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: $4,000,000
  • Square Footage: 17,000
  • Price Per Square Foot: $235
  • Address: 2602 Kelly Ln
  • Market: Lake Worth

Ramin Youness was the buyer in this transaction, while Bob Patrella acted as the seller. Shanna Naim, from NDA Realty, represented the buyer as their broker. It is worth noting that Shanna Naim also represented the owner-user in this deal.

If you have any industrial needs in South Florida, you can contact Shanna Naim at [email protected] or by phone at (305) 417-9415.

Players

Shanna Naim
33 deals$43.9M volume(310) 935-1401
BROKER

Shanna Naim
Skyview Real Estate Partners
33 deals$43.9M volume(310) 935-1401
BROKER

Ensemble Real Estate
BROKERAGE

ENS Realty
BROKERAGE

Details

SOLD
IMAGE: Shanna Naim DATE: 06/01/2022 ADDRESS: 2602 Kelly Ln MARKET: Lake Worth ASSET TYPE: Industrial BUYER: Ramin Youness SELLER: Bob Patrella BROKER: Shanna Naim (@ShannaDoesRealEstate) - NDA Realty SALE PRICE: $4,000,000 SF: 17,000 ~ PPSF: $235 NOTE FROM @Shannadoesrealestate: Shanna Naim represented the Buyer and owner-user in the transaction. Property is a 17,000 SF freestanding, newly renovated warehouse just 10 minutes South of Palm Beach. For any industrial needs in South Florida please reach out to Shanna Naim - [email protected] - phone # (305) 417-9415.

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

$213,333.32

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$14,211.17
Cash-on-Cash Return-1.27%
Monthly Debt Service$18,962.04
Annual Debt Service$227,544.49