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:
- Property Type: Industrial
- Transaction Amount: $16,250,000
- Address: 4300 Northwest 120th Avenue, Coral Springs
- Market: Coral Springs
- Square Footage: 75,000
- Price Per Square Foot: $217
- Buyer: Midtown Capital Partners
- Seller: Santo Expedito Real Estate INC - Sylvia Verre
- Brokers: Tomas Sulichin, Maria Tamames, and Andres Grossmann - RelatedISG International Realty
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
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