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15601 Park of Commerce Boul...

Global Furniture Florida Enterprises, Inc. Leases Industrial Asset In West Palm Beach
LEASEDIndustrial

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

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:

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.

Players

Christopher Metzger

Cushman & Wakefield

Broker

$160.4M

vol

26 deals

Broker

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