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Aryeh Goldman Acquires Industrial Property In Longwood For $11.8M

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SOLD
$11,800,000

Florida

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Industrial49,629 SF
Sold 02/24/2021
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SOLD

Aryeh Goldman Acquires Industrial Property In Longwood For $11.8M

581 Austin Street, Longwood, FL, USA

See Similar Deals
Industrial49,629 SF
Sold 02/24/2021
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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.

Players

5 deals$67.2M volume
BUYER

Details

SOLD
IMAGE: 02/24/2021 ADDRESS: 581 Austin Place MARKET: Longwood ASSET TYPE: Industrial BUYER: Aryeh Goldman SELLER: John Livingston PRICE: $11,800,000 SF: 49,629 ~ PPSF: $238 ZONING: C8-3 LAST SALE PRICE: $0 (06/01/2017)

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

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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