Updated Dec 20, 2023
Zachary Staley, Holly Ortman & Stephanie Staley Acquire Warehouse In West Palm Beach, FL For $2.35M
1114 53rd Court South, West Palm Beach, Florida 33407, United States
$2,350,000
$101/SF
Building Size
23,278 SF
Asset Type
Industrial
Closing
Jun 15, 2022
About this deal
AI
A warehouse located at 1114 53rd CT S in West Palm Beach, FL was recently sold. The property consists of 23,278 square feet and was sold for a price of $2,350,000, resulting in a price per square foot of $100.
Summary of transaction details
- Property Type: Warehouse
- Transaction Amount: $2,350,000
- Market: West Palm Beach, FL
- Buyer: Zachary Staley, Holly Ortman & Stephanie Staley
- Seller: Robert Hensel & Paul Hensel
Zachary Staley, Holly Ortman, and Stephanie Staley purchased the warehouse from Robert Hensel and Paul Hensel. The deal was successfully closed on 06/16/2022.
Players
Mangonia Park 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
6.75%
Cash-on-Cash
-1.93%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93