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3050 Elmhurst Lane

Jose Montero Raul Pino And Pablo Vignolo Of The Hype Real Estate Group Sell Industrial Asset For $18.5M
SOLDIndustrial

Jose Montero Raul Pino And Pablo Vignolo Of The Hype Real Estate Group Sell Industrial Asset For $18.5M

3050 Elmhurst Lane

$18,500,000

$228/SF

Building Size

81,105 SF

Asset Type

Industrial

Closing

Sep 20, 2024

AI

The property involved in this transaction is an industrial asset located at 3050 & 3100 Elmhurst Lane in Portsmouth, VA. The sale price for the property was $18,500,000, with a total square footage of 200,000, equating to a price per square foot of $93.

Summary of transaction details:

This transaction was facilitated by The Hype Real Estate Group, with a notable contribution from Jose Montero, who sourced this particular deal. The team is actively expanding into new regions, handling opportunities across various property types such as industrial, retail, land, and multifamily. Brokers involved can be reached at the following numbers: Jose Montero: 305-323-2762, Pablo Vignolo: 305-303-3837, Raul Pino: 786-503-5583.

Players

Raul Pino

The Hype Real Estate Group

Broker

$344.4M

vol

50 deals

Broker

Portsmouth 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

0.86%

Cash-on-Cash

-0.25%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93