Updated Dec 4, 2024
Flying Point Acquires Industrial Asset In Deerfield Beach For $4 Million With Yishai Sinai And Lamar Fisher
611 Northeast 42nd Street
$4,000,000
$168/SF
Building Size
23,735 SF
Asset Type
Industrial
Closing
Sep 4, 2024
About this deal
AI
The asset involved in this transaction is an industrial property located at 611-701 Northeast 42nd Street in the Deerfield Beach market. The sale price of the property is $4,000,000. The total square footage of the asset is 23,735, resulting in a price per square foot of $168.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $4,000,000
- Square Footage: 23,735
- Price per Square Foot: $168
- Buyer: Flying Point
- Buyer's Representatives: Sam Genet & Zach Sohn
- Buyer's Rep Agency: Biscayne Advisors
- Seller's Representatives: Lamar Fisher
- Seller's Rep Agency: Fisher Auction Company
The transaction represents a collaboration between the buyers, Flying Point, represented by Sam Genet and Zach Sohn, who are associated with Biscayne Advisors, and the seller's representative, Lamar Fisher from Fisher Auction Company, indicating an active engagement in the industrial real estate market.
On the Map
$4,000,000
$168/SF
Industrial
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Players
Deerfield Beach 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
3.97%
Cash-on-Cash
-1.13%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93