Investcorp Acquires Industrial Property In Deerfield Beach For $111.5M
SOLD
$111,500,000
Florida
See Similar DealsIndustrial444,120 SF
Sold 01/18/2024
SOLD
Investcorp Acquires Industrial Property In Deerfield Beach For $111.5M
4100 North Powerline Road
See Similar DealsIndustrial444,120 SF
Sold 01/18/2024
Summary
FLORIDA
Asset Type:Industrial
Price Per Square Foot:$251
Total Square Footage:444,120 SF
Transaction Type:Sale
A 444,120 square foot industrial property located at 4100 North Powerline Road in Deerfield Beach has been sold for $111,500,000. The property was purchased by Investcorp from Stockbridge Capital Group. The transaction was facilitated by Chloe Strada, Dominic Montazemi, Mike Davis, Rick Brugge, and Rick Colon of Cushman & Wakefield.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $111,500,000
- Address: 4100 North Powerline Road, Deerfield Beach
- Market: Deerfield Beach
- Buyer: Investcorp
- Seller: Stockbridge Capital Group
- Seller's Rep: Chloe Strada, Dominic Montazemi, Mike Davis, Rick Brugge, and Rick Colon - Cushman & Wakefield
- Square Footage: 444,120
- Price Per Square Foot: $251
Chloe Strada, Dominic Montazemi, Mike Davis, Rick Brugge, and Rick Colon of Cushman & Wakefield played a crucial role in representing the seller, Stockbridge Capital Group, during the transaction. The deal marks a significant investment in the industrial market of Deerfield Beach by Investcorp.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$5,946,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$396,135.94
Cash-on-Cash Return-1.27%
Monthly Debt Service$528,566.88
Annual Debt Service$6,342,802.62
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