Updated Dec 4, 2024
Arden Logistics Acquires Industrial Property In West Palm Beach For $43M
1100 North Florida Mango Road
$43,000,000
$219/SF
Building Size
195,532 SF
Asset Type
Industrial
Closing
Oct 4, 2023
About this deal
AI
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.
On the Map
$43,000,000
$219/SF
Industrial
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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
0.37%
Cash-on-Cash
-0.11%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93