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Ted Vidas Sells Industrial Property In Lake Worth Beach For $2.1M

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SOLD
$2,100,000

Florida

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Industrial13,800 SF
Sold 04/01/2024
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Property Image
SOLD

Ted Vidas Sells Industrial Property In Lake Worth Beach For $2.1M

3551 23rd Avenue South

See Similar Deals
Industrial13,800 SF
Sold 04/01/2024
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Summary

FLORIDA
Asset Type:Industrial
Price Per Square Foot:$152
Total Square Footage:13,800 SF
Transaction Type:Sale

The industrial property located at 3551 23rd Avenue South in Lake Worth Beach, Florida, was recently sold for the asking price of $2,100,000. The sale price matched the initial asking price, with the property spanning across 13,800 square feet, resulting in a price per square foot of $152.

Summary of transaction details:

The brokers involved in this successful off-market deal were Raul Pino, Pablo Vignolo, and Jacqueline Rodriguez from The Hype Real Estate Group. They specialize in sourcing properties in Florida and are expanding into Georgia and North Carolina. The team's focus includes industrial, retail, multifamily, and land properties. For those interested in exploring off-market deals and their current pipeline, they can be reached at 786-503-5583 or 305-303-3837. The brokers express their willingness to assist buyers of all sizes and invite potential clients to engage with their broad inventory of off-market properties.

Players

Raul Pino
50 deals$344.4M volume
BROKER

Pablo Vignolo
The Hype Real Estate Group
43 deals$285.6M volume
BROKER

Jacqueline Rodriguez
The Hype Real Estate Group
2 deals$8M volume(915) 474-2297
BROKER

Details

SOLD
IMAGE: Raul Pino, Jacqueline Rodriguez & Pablo Vignolo DATE: 04/01/2024 ADDRESS: 3551 23rd Avenue South MARKET: Lake Worth Beach ASSET TYPE: Industrial SELLER: Ted Vidas BROKERS: Raul Pino (@TheWolfofsouthfl), Pablo Vignolo (@Hypepabs) & Jacqueline Rodriguez (@JacquiRodriguezz) - The Hype Real Estate Group (@TheHypeRealEstateGroup) ASKING PRICE: $2,100,000 SALE PRICE: $2,100,000 SF: 13,800 ~ PPSF: $152 NOTE FROM BROKERS: We just closed on another off-market deal in Florida. Our team specializes in sourcing properties throughout the state of Florida and expanding into Georgia and North Carolina. Reach out to us (@thehyperealestategroup) so we can go over our current off-market pipeline and close some deals together! We focus on industrial, retail, multifamily, and land. Feel free to reach out to us at 786-503-5583 or 305-303-3837. If you have seen our closing and still not reached out, we do not bite lol. From small buyers to big buyers we are here to help and have a lot of off-market deals in our inventory. Feel free to reach out.

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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$7,460.85
Cash-on-Cash Return-1.27%
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