Burlington Coat Factory Secures Lease At 1220 Northlake Blvd West Palm Beach From FCA
1220 Northlake BLVD, West Palm Beach
Building Size
45,000 SF
Asset Type
Industrial
Closing
Nov 20, 2023
AI
The property is located at 1220 Northlake Blvd, West Palm Beach, featuring a total area of 45,000 square feet. The lease transaction involves a tenant, Burlington Coat Factory, and the landlord, FCA.
Summary of transaction details:
- Property Type: Lease
- Transaction Amount: Not disclosed
- Square Feet: 45000
- Address: 1220 Northlake BLVD, West Palm Beach
- Tenant Representative: Greg Godino - Atlantic RetailProperties
- Tenant: Burlington Coat Factory
- Landlord: FCA
Greg Godino from Atlantic Retail Properties represents the tenant, Burlington Coat Factory, in this leasing deal involving the property owned by FCA.
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