Health Care District Of Palm Beach Acquires Industrial Asset From Outour Storage For $16.75M
100 North Benoist Farms Road
$16,750,000
Building Size
—
Asset Type
Industrial
Closing
Sep 29, 2025
AI
The property asset involved in the transaction is an industrial asset located at 100 North Benoist Farms Road in West Palm Beach. The sale price of the property is $16,750,000.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $16,750,000
- Buyer: Health Care District of Palm Beach
- Seller: Outour Storage
- Broker Representation: Patrick McBride & Chris Spear - ComReal
- Date of Transaction: 09/30/2025
Patrick McBride and Chris Spear from ComReal represented both sides in this transaction. The ComReal Industrial Team has been aiding business owners and investors in South Florida for over 40 years, providing expertise and established relationships to facilitate transactions in the industrial market.
Players
West Palm Beach Industrial Market Snapshot
Boundary boundary · Industrial · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.95%
Cash-on-Cash
-0.27%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93