Updated Oct 28, 2024
UOVO Signs Lease For Industrial Property In West Palm Beach With Landlord McCraney Property Company
350 North Haverhill Road, West Palm Beach, Palm Beach, FL, USA
Building Size
23,000 SF
Asset Type
Industrial
Closing
Aug 23, 2021
About this deal
AI
An industrial property located at 350 North Haverhill Road in West Palm Beach has been leased. The lease transaction was completed on 08/23/2021, with UOVO as the tenant and McCraney Property Company as the landlord. The property spans approximately 23,000 sq. ft. with an asking rent of $8.5 per sq. ft.
Summary of transaction details:
- Property Type: Industrial
- Transaction Date: 08/23/2021
- Address: 350 North Haverhill Road, West Palm Beach
- Tenant: UOVO
- Landlord: McCraney Property Company
- Asking Rent: $8.5 per sq. ft.
- Square Footage: 23,000 sq. ft.
Steve Novenstein represented UOVO as their broker in this lease transaction.
On the Map
Industrial
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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