Dalfen Industrial Acquires Industrial Property In Riviera Beach For $18.35M
1177 W Blue Heron Blvd, Riviera Beach, FL 33404, USA
$18,350,000
$12/SF
Building Size
1,508,520 SF
Asset Type
Industrial
Closing
Jun 10, 2020
AI
The industrial property located at 1177 West Blue Heron Blvd in Riviera Beach has been sold for a price of $18,350,000. The property spans across 150,852 square feet, resulting in a price per square foot of $121.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $18,350,000
- Property Address: 1177 West Blue Heron Blvd
- Market: Riviera Beach
- Size: 150,852 sqft
- Price per Square Foot: $121
The buyer of the property is Dalfen Industrial represented by Murray Dalfen. The seller in this transaction is Stateside Capital Group, with Norman Weinstein as their representative. The deal was facilitated by the brokers Robert Smith, Kirk Nelson, and Jeffrey Kelly from CBRE.
Players
Riviera 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
0.86%
Cash-on-Cash
-0.25%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93