Updated Oct 28, 2024
United Bank Of Charleston Provides $52.65M Construction Loan For Industrial Property In West Palm Beach
101 Sansburys Way, West Palm Beach, Florida 33411, United States
$52,650,000
$120/SF
Building Size
435,800 SF
Asset Type
Industrial
Closing
Mar 31, 2022
About this deal
AI
Located at 101 Sansburys Way in West Palm Beach, this industrial property spans over 435,800 square feet and sits on 32.8 acres of land. The property is part of a closed transaction that took place on 04/01/2022.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $52,650,000
- Address: 101 Sansburys Way, West Palm Beach
- Market: West Palm Beach
- Square Footage: 435,800
- Acres: 32.8
The lender involved in this transaction is United Bank of Charleston, providing a construction loan. The landlord of the property is Leo Vecellio from the Vecellio Group. Leo Vecellio represents the interests of the landlord in this deal.
On the Map
$52,650,000
$120/SF
Industrial
View full map
Players
West Palm Beach Industrial Market Snapshot
Boundary boundary · Industrial · Loan transactions
Loading comparables…
Deal FAQ
Browse Florida industrial loans on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.30%
Cash-on-Cash
-0.09%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93