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Deborah Abernathy Acquires Manufacturing/Processing Facility In Deerfield Beach, FL For $59M

Property Image
SOLD
$59,000,000

Florida

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Other12,796 SF
Sold 10/12/2022
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Property Image
SOLD

Deborah Abernathy Acquires Manufacturing/Processing Facility In Deerfield Beach, FL For $59M

2501 Northwest 48th Street, Deerfield Beach, Florida 33442, United States

See Similar Deals
Other12,796 SF
Sold 10/12/2022
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Summary

FLORIDA
Asset Type:Other
Price Per Square Foot:$4,610
Total Square Footage:12,796 SF
Transaction Type:Sale

The manufacturing/processing property located at 2501 NW 48th St in Deerfield Beach, FL, has been sold in a transaction that took place on October 12, 2022. The property spans a total area of 12,796 square feet.

Summary of transaction details:

  • Property Type: Manufacturing/Processing
  • Transaction Amount: $59,000,000
  • Price per square foot: $4,610

The buyer of the property is Deborah Abernathy, while the seller is Michael Sullivan.

Players

4 deals$73.4M volume(609) 387-7800
BROKER

Michael Sullivan
4 deals$73.4M volume
SELLER

Details

SOLD
IMAGE: 10/12/2022 ADDRESS: 2501 NW 48th St MARKET: Deerfield Beach, FL ASSET TYPE: Manufacturing/Processing BUYER: Deborah Abernathy SELLER: Michael Sullivan PRICE: $59,000,000 SF: 12,796 ~ PPSF: $4,610

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$3,146,666.66

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$209,614.55
Cash-on-Cash Return-1.27%
Monthly Debt Service$279,690.10
Annual Debt Service$3,356,281.20