Howard Roark Acquires Industrial Property In Little River For $8.4M
SOLD
Florida
See Similar DealsIndustrial24,000 SF
Sold 10/13/2023
SOLD
Howard Roark Acquires Industrial Property In Little River For $8.4M
5700 Northeast 4th Avenue
See Similar DealsIndustrial24,000 SF
Sold 10/13/2023
Summary
FLORIDA
Asset Type:Industrial
Price Per Square Foot:$350
Total Square Footage:24,000 SF
Transaction Type:Sale
An industrial property located at 5700 Northeast 4th Avenue in the Little River market has been sold for $8,400,000. The property spans 24,000 square feet and was sold for a price per square foot of $350.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $8,400,000
- Address: 5700 Northeast 4th Avenue
- Market: Little River
- Square Footage: 24,000
- Price per Square Foot: $350
The buyer of the property is Howard Roark, while the seller is Olga Gonzalez. The deal was facilitated by Alfredo Riascos, a broker representing Gridline Properties.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$448,000.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$29,843.42
Cash-on-Cash Return-1.27%
Monthly Debt Service$39,820.29
Annual Debt Service$477,843.43
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