Aryeh Goldman Acquires Industrial Property In Longwood For $11.8M
581 Austin Street, Longwood, FL, USA
$11,800,000
$237/SF
Building Size
49,629 SF
Asset Type
Industrial
Closing
Feb 23, 2021
AI
The industrial property located at 581 Austin Place in Longwood has been sold. The property spans 49,629 square feet and was sold for a price of $11,800,000, resulting in a price per square foot of $238. The previous sale of the property took place on June 1, 2017, for $0.
Summary of Transaction Details
- Property Type: Industrial
- Transaction Amount: $11,800,000
- Size: 49,629 square feet
- Price per Square Foot: $238
- Address: 581 Austin Place, Longwood
- Market: Longwood
Aryeh Goldman purchased the property from John Livingston in this transaction for a total of $11,800,000. The property is zoned as C8-3.
Players
Longwood 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
1.34%
Cash-on-Cash
-0.38%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93