FINANCED
ODAN Capital And Present Equity Acquires Industrial Properties In Lake Worth & Margate, FL For $3.05M Loan
1106 5th Avenue South. & 5621, 5615, 5605, 5601 Northwest 8th Street
Industrial
28,500 SF
28,500 SF
Financed 1 year ago
Summary
Loan
FLORIDA
Industrial
28,500 sqft
A 28,500 square foot industrial property located at 1106 5th Avenue S. and 5621, 5615, 5605, and 5601 NW 8th Street in Lake Worth and Margate, FL, has been involved in a recent transaction. The property was acquired through an acquisition loan.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $3,055,000
- Loan Type: Acquisition
- Loan Terms: The acquisition of the two industrial office properties were financed with a 10-year, non-recourse loan. The loan features 2 years of interest-only payments at a fixed rate of 3.85%.
The landlord for the property is ODAN Capital and Present Equity, represented by Daniel Abrahams, Oniel Samuel, and Shai Moschowits. The buyer's representative in this deal is Jamie Posner from EXP Realty. The loan for the transaction was facilitated by Eric Trombly from BlackBearCapitalPartners.
Players
All
4
Agents
2
Agencies
2
Details
FINANCED
IMAGE: Daniel Abrahams, Oniel Samuel, Shai Moschowits & Eric Trombly
DATE: 12/31/2021
ADDRESS: 1106 5th Avenue S. & 5621, 5615, 5605, 5601 NW 8th Street
MARKET: Lake Worth & Margate, FL
ASSET TYPE: Industrial ~ SF: 28,500
LANDLORD: ODAN Capital & Present Equity - Daniel Abrahams, Oniel Samuel, & Shai Moschowits
BROKER: Eric Trombly - @BlackBearCapitalPartners
BUYER'S REP: Jamie Posner – EXP Realty
LOAN AMOUNT: $3,055,000
LOAN TYPE: Acquisition
LOAN TERMS: The acquisition of the two (2) industrial office properties were financed on a 10-year, non-recourse loan featuring 2-years of interest only payments at a fixed rate of 3.85%.View on map
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Address1106 5th Avenue South. & 5621, 5615, 5605, 5601 Northwest 8th Street
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