Health Care District Of Palm Beach Acquires Industrial Asset From Outour Storage For $16.75M
SOLD
$16,750,000
Florida
See Similar DealsIndustrial
Sold 09/30/2025
SOLD
Health Care District Of Palm Beach Acquires Industrial Asset From Outour Storage For $16.75M
100 North Benoist Farms Road
See Similar DealsIndustrial
Sold 09/30/2025
Summary
FLORIDA
Asset Type:Industrial
Transaction Type:Sale
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
BROKERAGE
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$893,333.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$59,509.22
Cash-on-Cash Return-1.27%
Monthly Debt Service$79,403.55
Annual Debt Service$952,842.55
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