Flying Point Acquires Industrial Asset In Deerfield Beach For $4 Million With Yishai Sinai And Lamar Fisher
SOLD
$4,000,000
Florida
See Similar DealsIndustrial23,735 SF
Sold 09/04/2024
SOLD
Flying Point Acquires Industrial Asset In Deerfield Beach For $4 Million With Yishai Sinai And Lamar Fisher
611 Northeast 42nd Street
See Similar DealsIndustrial23,735 SF
Sold 09/04/2024
Summary
FLORIDA
Asset Type:Industrial
Price Per Square Foot:$168
Total Square Footage:23,735 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$213,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$14,211.17
Cash-on-Cash Return-1.27%
Monthly Debt Service$18,962.04
Annual Debt Service$227,544.49
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