Venezia Real Estate Acquires Industrial Property In Coconut Creek For $8.3M
6850 Lyons Technology Pkwy, Coconut Creek, FL, USA
$8,275,000
$183/SF
Building Size
45,156 SF
Asset Type
Industrial
Closing
Oct 25, 2021
AI
The industrial property located at 6850 Lyons Technology Pkwy in Coconut Creek has been sold. The property spans approximately 2.89 acres and is situated in the Coconut Creek market.
Summary of transaction details
- Property Type: Industrial
- Sale Price: $8,275,000
- Square Footage: 45,156
- Price per Square Foot: $183
- Date: 10/25/2021
- Buyer: Venezia Real Estate, LLC
- Seller: Keane Realty Holdings, LLC
The buyer in this transaction was Venezia Real Estate, LLC, represented by Richard F. Etner, Jr of Cushman & Wakefield. The seller, Keane Realty Holdings, LLC, was represented by Tom Hotz of Butters Realty & Management.
Players
Coconut Creek 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
1.92%
Cash-on-Cash
-0.55%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93