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611 Northeast 42nd Street

Flying Point Acquires Industrial Asset In Deerfield Beach For $4 Million With Yishai Sinai And Lamar Fisher
SOLDIndustrial

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

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.

Players

Yishai Sinai

Biscayne Advisors

Broker

$93.5M

vol

16 deals

Broker

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