Updated Oct 28, 2024
Longpoint Realty Partners Acquires Industrial Property In Sunrise For $16.6M
5101 Northwest 108th Avenue, Sunrise, FL, USA
$16,600,000
$161/SF
Building Size
102,914 SF
Asset Type
Industrial
Closing
Oct 8, 2021
About this deal
AI
An industrial property in Sunrise, located at 5101-5181 & 5201-5299 Northwest 108th Avenue, has been sold for a total price of $16,600,000. The property spans across 7.2 acres and offers 102,914 square feet of space. This transaction was completed on October 8, 2021.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $16,600,000
- Market: Sunrise
- Address: 5101-5181 & 5201-5299 Northwest 108th Avenue
- Acres: 7.2
- Buyer: Longpoint Realty Partners - Dwight Angelini
- Seller: Joseph Vitolo, Mark & Jessica Hingson - Courtyard Properties
- Square Footage: 102,914
- Price per Square Foot: $161
Dwight Angelini represented Longpoint Realty Partners in this transaction. The seller, Courtyard Properties, was represented by Joseph Vitolo, Mark, and Jessica Hingson. The deal was closed on October 8, 2021, marking a successful transaction for all parties involved.
Sunrise 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
0.96%
Cash-on-Cash
-0.27%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93