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

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SOLD
$1,550,000

Florida

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Industrial57,065 SF
Sold 08/06/2024
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SOLD

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

431 Capital Circle Southeast

See Similar Deals
Industrial57,065 SF
Sold 08/06/2024
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Summary

FLORIDA
Asset Type:Industrial
Price Per Square Foot:$27
Total Square Footage:57,065 SF
Transaction Type:Sale

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
15 deals$48.3M volume(305) 985-9295
BROKER

Nick Hernandez
APEX Capital Realty
6 deals$28M volume(305) 915-6018
BROKER

Details

SOLD
IMAGE: Felipe Escobar & Nick Hernandez DATE: 08/05/2024 ADDRESS: 431 Capital Circle Southeast MARKET: Tallahassee ASSET TYPE: Industrial BUYER: Kareem Fikri - RKL Industrial 4 SELLER: Mathys N. Matthee - Global Industrial Properties BROKERS: Felipe Escobar (@FelipeEsc0bar) & Nick Hernandez (@Nick.a.Hernandez) - APEX Capital Realty (@APEXCapitalRealty) SALE PRICE: $1,550,000 BUILDING SF: 30,000 ~ PPSF: $52 LOT SF: 57,065 ~ PPSF: $27 NOTE FROM BROKERS: Apex Capital Realty is proud to present the sale of 431 Capital Cir a 30,000 sf Industrial property in Tallahassee for a sale price of 1,550,000 ($51psf) For more off market opportunities like this feel free to reach out to the team Felipe Escobar (754-304-3129) Nicholas Hernandez (305-915-6018)

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

$82,666.67

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$5,506.82
Cash-on-Cash Return-1.27%
Monthly Debt Service$7,347.79
Annual Debt Service$88,173.49