EML Realty Partners Acquires Industrial Buildings In Wildwood, FL For $5.7M
721 Industrial Dr, Wildwood, FL 34785
$5,700,000
$87/SF
Building Size
65,000 SF
Asset Type
MultiFamily
Closing
May 3, 2023
AI
EML Realty Partners, represented by Eric M. Levitt, has recently acquired two industrial buildings in Wildwood, FL. The transaction, which closed for $5.7 million, involves a property located at 721 Industrial Drive. Spanning over 65,000 square feet and sitting on approximately 6 acres of land, the asset comprises an SRS Distribution Center along with a smaller building currently leased by Patio Inspirations.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $5,700,000
- Street Address: 721 Industrial Drive, Wildwood, FL
- Market: Wildwood
- Square Footage: 65,000
- Price per Square Foot: $88
This acquisition presents an opportunity for EML Realty Partners to expand their portfolio in the industrial sector. With the purchase of these buildings, Eric M. Levitt and his team aim to capitalize on the thriving industrial market in Wildwood, FL.
Wildwood MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.78%
Cash-on-Cash
-0.80%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93