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:
- Property Type: Industrial
- Transaction Amount: $1,550,000
- Building Square Footage: 30,000
- Lot Square Footage: 57,065
- Price per Square Foot (Building): $51
- Price per Square Foot (Lot): $27
- Buyer: Kareem Fikri - RKL Industrial 4
- Seller: Mathys N. Matthee - Global Industrial Properties
- Brokers: Felipe Escobar & Nick Hernandez - APEX Capital Realty
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
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