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4300 Northwest 120th Avenue

Midtown Capital Partners Acquires $16.25M Industrial Warehouse In Coral Springs
SOLDIndustrial

Midtown Capital Partners Acquires $16.25M Industrial Warehouse In Coral Springs

4300 Northwest 120th Avenue

$16,250,000

$216/SF

Building Size

75,000 SF

Asset Type

Industrial

Closing

Dec 15, 2023

AI

Located at 4300 Northwest 120th Avenue in Coral Springs, this off-market small bay industrial warehouse was recently sold for $16,250,000. Spanning 75,000 square feet, the property was sold at a price per square foot of $217, reflecting the demand and value of industrial assets in the area. The transaction was closed on December 15, 2023.

Summary of transaction details:

Tomas Sulichin, Maria Tamames, and Andres Grossmann, from RelatedISG International Realty, represented both the buyer and seller in this challenging off-market transaction. Their expertise and dedication in the commercial real estate sector were evident throughout the deal, breaking barriers and successfully closing the sale. This transaction demonstrates the team's exceptional ability to navigate the market and achieve favorable outcomes.

RelatedISG International Realty continues to lead the way in the commercial real estate sector, providing top-notch services to clients and showcasing their commitment to delivering exceptional results.

Players

Tomas Sulichin

RelatedISG International Realty

Broker

$161.4M

vol

22 deals

Broker
MP
Midtown Capital PartnersBuyer

Coral Springs 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

0.98%

Cash-on-Cash

-0.28%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93