Updated Oct 9, 2026
Hangar Bravo Sells Industrial Asset At 1114 North Congress Avenue For $27.52M
1114 North Congress Avenue
$27,518,429
$327/SF
Building Size
84,000 SF
Asset Type
Industrial
Closing
Oct 8, 2026
About this deal
AI
The property asset involved in the transaction is an industrial space located at 1114 North Congress Avenue in West Palm Beach. The sale price was $27,518,429, and the total square footage of the property is 84,000, resulting in a price per square foot of $327.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $27,518,429
- Address: 1114 North Congress Avenue
- Market: West Palm Beach
- Square Footage: 84,000
- Price Per Square Foot: $327
- Seller: Hangar Bravo
- Seller's Representative: Kyle Retamar & James Pavlik - Sutter & Nugent
The deal was facilitated by the seller's representatives Kyle Retamar and James Pavlik from Sutter & Nugent, who played a pivotal role in representing the interests of Hangar Bravo in this transaction.
On the Map
$27,518,429
$327/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
0.58%
Cash-on-Cash
-0.16%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93