Aryeh Goldman Acquires Industrial Property In Longwood For $11.8M
SOLD
$11,800,000
Florida
See Similar DealsIndustrial49,629 SF
Sold 02/24/2021
SOLD
Aryeh Goldman Acquires Industrial Property In Longwood For $11.8M
581 Austin Street, Longwood, FL, USA
See Similar DealsIndustrial49,629 SF
Sold 02/24/2021
Summary
FLORIDA
Asset Type:Industrial
Price Per Square Foot:$237
Total Square Footage:49,629 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$629,333.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$41,922.92
Cash-on-Cash Return-1.27%
Monthly Debt Service$55,938.02
Annual Debt Service$671,256.24
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