Max Ducharme Of PMD Capital Management Acquires Industrial Property In Palm Beach Gardens For $6.6M
10435 Riverside Drive
$6,600,000
$229/SF
Building Size
28,800 SF
Asset Type
Industrial
Closing
Dec 23, 2024
AI
The transaction involves an industrial property located at 10415 & 10435 Riverside Drive in Palm Beach Gardens. The sale price for the asset was $6,600,000, comprising a total square footage of 28,800. The price per square foot was calculated to be $229.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $6,600,000
- Address: 10415 & 10435 Riverside Drive
- Market: Palm Beach Gardens
- Square Footage: 28,800
- Price Per Square Foot: $229
- Buyer: Max Ducharme - PMD Capital Management
- Seller: Paul Maddock
- Brokers: Scott Weprin & James Ullrich - Colliers
Max Ducharme represented PMD Capital Management as the buyer in this transaction. The deal was facilitated by brokers Scott Weprin and James Ullrich from Colliers, who represented the seller, Paul Maddock, during the sales process.
Players
Palm Beach Gardens 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
2.40%
Cash-on-Cash
-0.69%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93