Frank Marino Sells Industrial Asset At 140 Commerce Road Boynton Beach For $2.75M
140 Commerce Road
$2,750,000
$611/SF
Building Size
4,500 SF
Asset Type
Industrial
Closing
Oct 2, 2024
AI
The property involved in this transaction is an industrial asset located at 140 Commerce Road in Boynton Beach. The sale price was $2,750,000 for a total square footage of 4,500, resulting in a price per square foot of $611.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $2,750,000
- Address: 140 Commerce Road
- Market: Boynton Beach
- Seller: Frank Marino
- Broker Representatives: Tony Anthony & Harrison Auerbach - Matthews Real Estate Investment Services
This transaction involved the professional representation of the seller by Tony Anthony and Harrison Auerbach from Matthews Real Estate Investment Services, indicating a structured approach to the sale of the industrial property.
Players
Boynton 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
5.77%
Cash-on-Cash
-1.65%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93