Max Leifer And Jonathan Mazzarella Acquire Industrial Property In Cocoa For $10.4M
849 Cocoa Boulevard
$10,400,000
$131/SF
Building Size
78,979 SF
Asset Type
Industrial
Closing
Jan 10, 2025
AI
The property involved in the transaction is an industrial asset located at 849 Cocoa Boulevard in Cocoa. The sale price was $10,400,000, with a total square footage of 78,979, translating to a price per square foot of $131.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $10,400,000
- Address: 849 Cocoa Boulevard
- Market: Cocoa
- Square Footage: 78,979
- Price per Square Foot: $131
- Buyer: Max Leifer - Leifer Properties; Jonathan Mazzarella - Endeavor Capital
- Seller: Canvass Capital
- Buyer’s Representative: Ryan Griffith & CJ Griffith - Lee & Associates
- Seller’s Representative: Michael Moss II - Lightle Beckner Robison Inc.
The buyers, Max Leifer and Jonathan Mazzarella, represent Leifer Properties and Endeavor Capital respectively. They are actively seeking value-add small bay industrial opportunities throughout Orlando, Tampa, Space Coast, and South Florida. Potential deals can be sent to Max via email at [email protected] or to Jonathan at [email protected].
Players
Cocoa Industrial Market Snapshot
Boundary boundary · Industrial · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.53%
Cash-on-Cash
-0.44%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93