BHI Energy Leases 16693 Square Feet At 500 Columbia Dr From J.J.R. Properties
500 Columbia Dr, West Palm Beach, F...
Building Size
16,693 SF
Asset Type
—
Closing
Nov 20, 2023
About this deal
AI
The property asset involved in this transaction is located at 500 Columbia Dr, West Palm Beach, Florida. It is a lease transaction encompassing a total area of 16,693 square feet. The market for this property is primarily West Palm Beach, aligning with commercial real estate interests in the region.
Summary of transaction details:
- Property Type: Lease
- Transaction Amount: Not specified
- Address: 500 Columbia Dr, West Palm Beach, Florida
- Market: West Palm Beach
- Square Feet: 16,693
- Tenant: BHI Energy
- Landlord: J.J.R. Properties
- Tenant's Representative: Kevin Landers (Cushman & Wakefield)
Key individuals and companies involved in this transaction include the tenant BHI Energy, which is represented by Kevin Landers from Cushman & Wakefield. The landlord for this lease is J.J.R. Properties, contributing to the dynamics of the leasing arrangement.
On the Map
Players
West Palm Beach CRE Market Snapshot
Boundary boundary · CRE · Lease transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93