Arden Logistics Acquires Industrial Property In West Palm Beach For $43M
SOLD
$43,000,000
Florida
See Similar DealsIndustrial195,532 SF
Sold 10/04/2023
SOLD
Arden Logistics Acquires Industrial Property In West Palm Beach For $43M
1100 North Florida Mango Road
See Similar DealsIndustrial195,532 SF
Sold 10/04/2023
Summary
FLORIDA
Asset Type:Industrial
Price Per Square Foot:$219
Total Square Footage:195,532 SF
Transaction Type:Sale
Arden Logistics has recently acquired an industrial property located at 1100 North Florida Mango Road in West Palm Beach. The property was sold by Alliance HP for a total price of $43,000,000. The asset comprises of 195,532 square feet, resulting in a price per square foot of $220.
Summary of transation details
- Property Type: Industrial
- Transaction Amount: $43,000,000
- Address: 1100 North Florida Mango Road
- Market: West Palm Beach
- Buyer: Arden Logistics
- Seller: Alliance HP
Leading the transaction was Jonathan Salk from ZYX Capital, serving as the broker for Arden Logistics. ZYX Capital has an extensive portfolio of properties available for sale. Those interested in closing properties can reach out to ZYX Capital at (305) 799-7681.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$2,293,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$152,769.93
Cash-on-Cash Return-1.27%
Monthly Debt Service$203,841.94
Annual Debt Service$2,446,103.25
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