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431 Capital Circle Southeast

Kareem Fikri Of RKL Industrial 4 Acquires Industrial Property In Tallahassee For $1.55M
SOLDIndustrial

Kareem Fikri Of RKL Industrial 4 Acquires Industrial Property In Tallahassee For $1.55M

431 Capital Circle Southeast

$1,550,000

$27/SF

Building Size

57,065 SF

Asset Type

Industrial

Closing

Aug 6, 2024

AI

The property asset involved in the transaction is located at 431 Capital Circle Southeast in Tallahassee. This industrial property consists of 30,000 square feet, with a sale price of $1,550,000, which equates to a price per square foot of $51. The lot area measures 57,065 square feet, resulting in a price per square foot of $27.

Summary of transaction details:

The deal involved key individuals from APEX Capital Realty, with Felipe Escobar and Nick Hernandez representing the transaction. They facilitated the sale between Kareem Fikri and Mathys N. Matthee, highlighting the transaction within the Tallahassee industrial market.

Players

Felipe Escobar

APEX Capital Realty

Broker

$52.9M

vol

16 deals

Broker

Tallahassee 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

10.23%

Cash-on-Cash

-2.92%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93