facebook

traded

+ Submit
Home

/

Deals

/

Florida

/

Industrial

/

Sale

/

2510 Kirby Avenue Northeast

Ben Genet Of Genet Property Group And Juda Hersh & Corey Schwartz Acquire Industrial Asset In Palm Bay For $6.3M
SOLDIndustrial

Ben Genet Of Genet Property Group And Juda Hersh & Corey Schwartz Acquire Industrial Asset In Palm Bay For $6.3M

2510 Kirby Avenue Northeast

$6,300,000

$108/SF

Building Size

57,840 SF

Asset Type

Industrial

Closing

Oct 1, 2024

AI

The industrial asset located at 2510 Kirby Avenue Northeast in the Palm Bay market has a total area of 57,840 square feet. The property was sold for $6,300,000, resulting in a price per square foot of $108.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: $6,300,000
  • Address: 2510 Kirby Avenue Northeast
  • Market: Palm Bay
  • Square Footage: 57,840
  • Price per Square Foot: $108
  • Buyer: Ben Genet - Genet Property Group; Juda Hersh & Corey Schwartz - Hersh Equity Group
  • Seller: Frederic Stein
  • Broker Representatives: Adam Steinlauf & Michael Lewin - Katalyst Real Estate & Development

In this transaction, Ben Genet represented Genet Property Group as the buyer, while Juda Hersh and Corey Schwartz represented Hersh Equity Group. The seller, Frederic Stein, completed the sale with the assistance of Adam Steinlauf and Michael Lewin, who acted as broker representatives for Katalyst Real Estate & Development.

Players

Michael Lewin

Katalyst Real Estate & Development

Broker

$326.3M

vol

24 deals

Broker

Palm Bay Industrial Market Snapshot

Boundary boundary · Industrial · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

2.52%

Cash-on-Cash

-0.72%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93