Dave Polichena Leases Industrial Space At 1601 Southwest 10th Street In Delray Beach
1601 Southwest 10th Street
$21
$21/SF
Building Size
5,451 SF
Asset Type
Industrial
Closing
Nov 2, 2025
AI
The property asset involved in this transaction is located at 1601 Southwest 10th Street, Delray Beach. It is categorized as an industrial asset with a total square footage of 5,451. The lease type is specified as a NNN Lease, with an asking rent of $21 per square foot.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: Not disclosed
- Address: 1601 Southwest 10th Street
- Market: Delray Beach
- Landlord: Ali & Mike Sweid
- Tenant: Dave Polichena
- Tenant's Representative: Alan Grobman - eXp Commercial
- Lease Type: NNN Lease
- Asking Rent: $21/ft
- Square Footage: 5,451
Alan Grobman of eXp Commercial represented the tenant in the successful negotiation of the full-premises lease and business asset purchase at the specified location. He specializes in land and building sales in South Florida and can be contacted at 954.320.6702. The representation aimed to ensure the successful continuation of operations for the A&H Automotive team.
Players
Delray 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
755380.95%
Cash-on-Cash
-215890.19%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93