Updated Aug 15, 2025
Zaira Papageorgiou Purchases Industrial Asset At 1106 5th Avenue South For $1.97M
1106 5th Avenue South
$1,967,500
$286/SF
Building Size
6,875 SF
Asset Type
Industrial
Closing
Aug 7, 2025
About this deal
AI
This industrial asset, located at 1106 5th Avenue South in the Lake Worth Beach market, has a sale price of $1,967,500. The property encompasses 6,875 square feet, translating to a price per square foot of $286.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $1,967,500
- Buyer: Zaira Papageorgiou
- Seller: Dan Abrahams, Shai Moschowits, Oniel Samuel & Lior Cohen
- Broker: Tyler Kuhlman - CBRE
The transaction involved Zaira Papageorgiou as the buyer who acquired the property from a group of sellers including Dan Abrahams, Shai Moschowits, Oniel Samuel, and Lior Cohen. Tyler Kuhlman represented the seller in this deal within the CBRE agency.
Players
Lake Worth 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
8.06%
Cash-on-Cash
-2.30%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93