Wolfgang Brunet Of Ideal Nutrition Leases 43200 Square Feet Industrial Space In West Palm Beach
6017 6059 Southern Blvd
Building Size
43,200 SF
Asset Type
Industrial
Closing
Mar 26, 2025
AI
The property involved in this transaction is an industrial asset located at 6017-6059 Southern Boulevard in West Palm Beach, comprising a total of 43,200 square feet. The market for this property is identified as West Palm Beach.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: Not disclosed
- Lease Term: Long-term
- Landlord: Hamid Moghadam
- Landlord's Company: Prologis
- Tenant: Wolfgang Brunet
- Tenant's Company: Ideal Nutrition
- Landlord's Representative: CBRE
- Tenant's Representative: Scott Weprin - Colliers
This transaction highlights the role of CBRE, representing the landlord, Hamid Moghadam of Prologis, while Scott Weprin of Colliers acted as the representative for the tenant, Wolfgang Brunet of Ideal Nutrition. The lease signing affirms a notable commitment to the space at Prologis Airport Center.
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