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581 Austin Street, Longwood...

Aryeh Goldman Acquires Industrial Property In Longwood For $11.8M
SOLDIndustrial

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

Aryeh Goldman

Buyer

$67.2M

vol

5 deals

Buyer

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