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350 North Haverhill Road, W...

UOVO Signs Lease For Industrial Property In West Palm Beach With Landlord McCraney Property Company
LEASEDIndustrial

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

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.

Players

MC
McCraney Property CompanyLandlord

Steve Novenstein

UOVO

Tenant

$124.6M

vol

6 deals

Tenant

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