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3551 23rd Avenue South

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

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

3551 23rd Avenue South

$2,100,000

$152/SF

Building Size

13,800 SF

Asset Type

Industrial

Closing

Apr 1, 2024

AI

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

The Hype Real Estate Group

Broker

$344.4M

vol

50 deals

Broker

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

7.55%

Cash-on-Cash

-2.16%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93