Basis Industrial Acquires Industrial Property In Deerfield Beach For $24.2M
SOLD
$24,200,000
National
See Similar DealsIndustrial100,000 SF
Sold 03/14/2023
SOLD
Basis Industrial Acquires Industrial Property In Deerfield Beach For $24.2M
4500-4870 North Powerline Road, Deerfield Beach, Fl
See Similar DealsIndustrial100,000 SF
Sold 03/14/2023
Summary
Asset Type:Industrial
Price Per Square Foot:$242
Total Square Footage:100,000 SF
Transaction Type:Sale
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
BROKERAGE
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$1,290,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$85,977.48
Cash-on-Cash Return-1.27%
Monthly Debt Service$114,720.35
Annual Debt Service$1,376,644.16
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