Yoram Izhak Of IMC Equity Group Acquires Industrial Property From Jack Wiles For $4.24M
600 Oak St Bldg 3
$4,240,000
$100/SF
Building Size
42,400 SF
Asset Type
Industrial
Closing
Aug 5, 2024
AI
The property involved in this transaction is an industrial asset located at 600 Oak St in Port Orange. The sale price was $4,240,000, with a total square footage of 42,400, resulting in a price per square foot of $100.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $4,240,000
- Buyer: Yoram Izhak - IMC Equity Group
- Seller: Jack Wiles
- Brokers: Jason Abitbol & Yoni Sunshine - APEX Capital Realty
Jason Abitbol and Yoni Sunshine of Apex Capital Realty represented both the buyer and seller in this deal, having sourced this exclusive off-market opportunity. They played a crucial role in procuring the buyer for the transaction.
Players
Port Orange 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
3.74%
Cash-on-Cash
-1.07%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93