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849 Cocoa Boulevard

Max Leifer And Jonathan Mazzarella Acquire Industrial Property In Cocoa For $10.4M
SOLDIndustrial

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

Christopher Griffith

Lee & Associates

Broker

$10.4M

vol

2 deals

Broker
CBRE
CBREBrokerage

Cocoa 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

1.53%

Cash-on-Cash

-0.44%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93