Basis Industrial Acquires Industrial Property In Deerfield Beach For $24.2M
4500-4870 North Powerline Road, Deerfield Beach, Fl
$24,200,000
$242/SF
Building Size
100,000 SF
Asset Type
Industrial
Closing
Mar 14, 2023
AI
The industrial property located at 4500-4870 North Powerline Road in Deerfield Beach has been sold for $24,200,000. The property spans across 100,000 square feet, resulting in a price per square foot of $242.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $24,200,000
- Address: 4500-4870 North Powerline Road, Deerfield Beach
- Market: Deerfield Beach
The buyer of the property is Basis Industrial, represented by Dan Weinstein & Anthony Scavo. The seller is Jeff Chauncey. This transaction was completed on 03/14/2023.
Players
Market 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
0.66%
Cash-on-Cash
-0.19%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93