Frank Marino Sells Industrial Asset At 140 Commerce Road Boynton Beach For $2.75M
SOLD
$2,750,000
Florida
See Similar DealsIndustrial4,500 SF
Sold 10/02/2024
SOLD
Frank Marino Sells Industrial Asset At 140 Commerce Road Boynton Beach For $2.75M
140 Commerce Road
See Similar DealsIndustrial4,500 SF
Sold 10/02/2024
Summary
FLORIDA
Asset Type:Industrial
Price Per Square Foot:$611
Total Square Footage:4,500 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$146,666.66
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$9,770.18
Cash-on-Cash Return-1.27%
Monthly Debt Service$13,036.40
Annual Debt Service$156,436.84
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