Comcast Corporation Leases 26644 Square Feet From Overseas Service Corporation In West Palm Beach
1100 Northpoint Parkway
Building Size
26,644 SF
Asset Type
Industrial
Closing
Nov 20, 2023
AI
The property asset involved in this transaction is located at 1100 Northpoint Pkwy, West Palm Beach. It encompasses a total area of 26,644 square feet and is associated with the landlord, Overseas Service Corporation.
Summary of transaction details:
- Property Type: Lease
- Transaction Amount: Not specified
- Address: 1100 Northpoint Pkwy, West Palm Beach
- Square Feet: 26,644
- Landlord: Overseas Service Corporation
- Tenant: Comcast Corporation
- Landlord's Representative: Jason Sundook - NAI Merin Hunter Codman
The deal features Comcast Corporation as the tenant, establishing occupancy in the leased space. Jason Sundook from NAI Merin Hunter Codman represents the landlord, Overseas Service Corporation, in this transaction.
Players
West Palm Beach Industrial Market Snapshot
Boundary boundary · Industrial · 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