Updated Dec 4, 2024
Global Furniture Florida Enterprises, Inc. Leases Industrial Asset In West Palm Beach
15601 Park of Commerce Boulevard
$9
$9/SF
Building Size
47,257 SF
Asset Type
Industrial
Closing
Jun 14, 2024
About this deal
AI
The industrial property located at 15601 Park Of Commerce Boulevard in West Palm Beach has been leased to Global Furniture Florida Enterprises, Inc. The lease term spans 10 years with an asking rent of $9.10 per square foot, totaling 47,257 square feet.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: Not Applicable
- Tenant: Global Furniture Florida Enterprises, Inc.
- Tenant's Rep: Massiel Perdomo & Luis Rosquete - Lifestyle International Realty
- Landlord's Rep: Christopher Thomson & Chris Metzger - Cushman & Wakefield of Florida, LLC
Massiel Perdomo and Luis Rosquete from Lifestyle International Realty represented Global Furniture Florida Enterprises, Inc. in this leasing transaction, while Christopher Thomson and Chris Metzger from Cushman & Wakefield of Florida, LLC served as the landlord's representatives.
On the Map
$9
$9/SF
Industrial
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Players
Jupiter 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
1762555.56%
Cash-on-Cash
-503743.79%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93