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Mindful Capital Group Acquires Industrial Property In Deerfield Beach For $6M

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SOLD
$6,000,000

Florida

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Industrial43,500 SF
Sold 04/08/2021
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Property Image
SOLD

Mindful Capital Group Acquires Industrial Property In Deerfield Beach For $6M

830 NE 41st Ct, Deerfield Beach, FL, USA

See Similar Deals
Industrial43,500 SF
Sold 04/08/2021
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Summary

FLORIDA
Asset Type:Industrial
Price Per Square Foot:$137
Total Square Footage:43,500 SF
Transaction Type:Sale

This industrial property located at 830 Northeast 41st Court in Deerfield Beach has been sold for $6,000,000. The asset covers an area of 43,500 square feet and sits on a 4-acre lot. The price per square foot for the property is $138, and the price per acre stands at $1,500,000.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: $6,000,000
  • Square Footage: 43,500 SF
  • Acres: 4
  • Price per Square Foot: $138
  • Price per Acre: $1,500,000
  • Buyer: Mindful Capital Group - Jeffrey Pechter & Patrick Carney
  • Seller: Lotus Commerce Center, LLC
  • Transaction Date: 04/08/2021

The transaction involved Jeffrey Pechter and Patrick Carney as the representatives of Mindful Capital Group, facilitating the acquisition from seller Lotus Commerce Center, LLC. This sale reflects an active participation in the Deerfield Beach industrial market, demonstrating the interest from investment groups in such types of assets.

Players

17 deals$226M volume
BROKER

Jeffrey Pechter
12 deals$137.9M volume
BUYER

Jeffrey Pechter
12 deals$137.9M volume
BUYER

Patrick Carney
17 deals$226M volume
BUYER

Details

SOLD
IMAGE: Jeffrey Pechter & Patrick Carney DATE: 04/08/2021 ADDRESS: 830 Northeast 41st Court MARKET: Deerfield Beach ASSET TYPE: Industrial BUYER: Mindful Capital Group - Jeffrey Pechter & Patrick Carney SELLER: Lotus Commerce Center, LLC PRICE: $6,000,000 SF: 43,500 ~ PPSF: $138 ACRES: 4 ~ PPA: $1,500,000

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

$319,999.99

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$21,316.74
Cash-on-Cash Return-1.27%
Monthly Debt Service$28,443.06
Annual Debt Service$341,316.73