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517 NE 2nd Ave Hallandale B...

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

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

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

$1,000,000

$210/SF

Building Size

4,760 SF

Asset Type

Industrial

Closing

Apr 3, 2023

AI

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

AXIOM Capital Advisors

Broker

$82.1M

vol

25 deals

Broker

Mike Mordehai

Buyer

$12.8M

vol

2 deals

Buyer

Miami 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

15.86%

Cash-on-Cash

-4.53%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93