Updated Dec 4, 2024
Charles Raitan Acquires Industrial Asset In Boca Raton For $2.5 Million With Noah Ohayon As Buyer's Rep
2631 Northwest 1st Avenue
$2,500,000
$57/SF
Building Size
43,560 SF
Asset Type
Industrial
Closing
Nov 25, 2024
About this deal
AI
The property asset involved in this transaction is an industrial asset located at 2631 Northwest 1st Avenue in Boca Raton. The transaction concluded at a sale price of $2,500,000 for a total of 43,560 square feet, translating to a price per square foot of $57. This asset is situated on a 1-acre lot and will be utilized as a truck dealership.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $2,500,000
- Buyer: Charles Raitan
- Seller: Todd Gallow
- Buyer's Representative: Noah Ohayon - AXIOM Capital Advisors
- Square Footage: 43,560
- Price per Square Foot: $57
- Market: Boca Raton
Noah Ohayon at AXIOM Capital Advisors was instrumental in sourcing this opportunity for his buyer, successfully closing by the end of the year. Congratulations were extended to all parties involved in this transaction.
On the Map
$2,500,000
$57/SF
Industrial
View full map
Boca Raton Industrial Market Snapshot
Boundary boundary · Industrial · Sale transactions
Loading comparables…
Deal FAQ
Visit Noah Ohayon to view all their deals.
Browse Boca Raton industrial sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
6.35%
Cash-on-Cash
-1.81%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93