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500 Columbia Dr, West Palm ...

BHI Energy Leases 16693 Square Feet At 500 Columbia Dr From J.J.R. Properties
LEASED

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

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.

Players

Kevin Landers

Cushman & Wakefield

Broker

3 deals

Broker

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