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2602 Kelly Lane, Lake Worth...

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

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

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

$4,000,000

$235/SF

Building Size

17,000 SF

Asset Type

Industrial

Closing

May 31, 2022

AI

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

Skyview Real Estate Partners

Broker

$43.9M

vol

38 deals

Broker
Ensemble Real Estate
Ensemble Real EstateBrokerage
ENS Realty
ENS RealtyBrokerage

Lake Worth 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

3.97%

Cash-on-Cash

-1.13%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93