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Mike Mordehai Acquires Industrial Property In Hallandale Beach For $1M

Property Image
SOLD
$1,000,000

Florida

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Industrial4,760 SF
Sold 04/03/2023
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Property Image
SOLD

Mike Mordehai Acquires Industrial Property In Hallandale Beach For $1M

517 NE 2nd Ave Hallandale Beach, FL 33009, USA

See Similar Deals
Industrial4,760 SF
Sold 04/03/2023
Contact now

Summary

FLORIDA
Asset Type:Industrial
Price Per Square Foot:$210
Total Square Footage:4,760 SF
Transaction Type:Sale

The industrial property located at 517 Northeast 2nd Avenue in Hallandale Beach has been sold for $1,000,000. The property spans 4,760 square feet, resulting in a price per square foot of $210. The transaction was successfully facilitated by Elad Barokas of Axiom Capital Advisors, who represented both the buyer, Mike Mordehai, and the seller, Raymond Picciolo. This deal closed just 21 days after the contract signing, demonstrating the efficiency and effectiveness of Elad Barokas as a broker.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: $1,000,000
  • Square Footage: 4,760
  • Price per Square Foot: $210
  • Market: Hallandale Beach

Elad Barokas, the representative for both the buyer and the seller, specializes in sourcing and facilitating off-market transactions. He has a track record of delivering successful deals within tight timeframes. Brokers looking to collaborate with Elad can reach him at 786-468-9489 or [email protected] to explore future opportunities.

Players

Elad Barokas
25 deals$82.1M volume(786) 468-9489
BROKER

Details

SOLD
IMAGE: Elad Barokas DATE: 04/03/2023 ADDRESS: 517 Northeast 2nd Avenue MARKET: Hallandale Beach ASSET TYPE: Industrial BUYER: Mike Mordehai SELLER: Raymond Picciolo BUYER & SELLER'S REP: Elad Barokas - Axiom Capital Advisors SALE PRICE: $1,000,000 SF: 4,760 ~ PPSF: $210 NOTE FROM BUYER & SELLER'S REP: Elad Barokas, representing both sides of the deal, successfully procured this closing to happen within only 21 days after the contract signing. We specialize in sourcing and facilitating off-market transactions with brokers and property owners continuously trusting us to deliver. Brokers- submit your deals to us and together we will make it happen. You can contact Elad @ 786-468-9489/ [email protected] for future opportunities.

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$3,552.80
Cash-on-Cash Return-1.27%
Monthly Debt Service$4,740.51
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