Alaina Macia Acquires Industrial Property On Watertower Rd. In West Palm Beach For $5.69M
SOLD
$5,690,000
Florida
See Similar DealsIndustrial26,525 SF
Sold 11/15/2021
SOLD
Alaina Macia Acquires Industrial Property On Watertower Rd. In West Palm Beach For $5.69M
1425 Watertower Road
See Similar DealsIndustrial26,525 SF
Sold 11/15/2021
Summary
FLORIDA
Asset Type:Industrial
Price Per Square Foot:$214
Total Square Footage:26,525 SF
Transaction Type:Sale
Located at 1425 Watertower Rd in West Palm Beach, this industrial property spans across 3.76 acres. The transaction took place on November 15, 2021, with a sale price of $5,690,000. The property encompasses a total of 26,525 square feet, resulting in a price per square foot of $215. The buyer of the property was Alaina Macia, while Opici Wine acted as the seller.
Summary of transation details
- Property Type: Industrial
- Transaction Amount: $5,690,000
- Address: 1425 Watertower Rd
- Market: West Palm Beach
- Acres: 3.76
The deal was facilitated by Sky Groden and Evan Christiansen of JLL, who represented both the buyer and seller respectively. They played pivotal roles in ensuring a successful transaction between Alaina Macia and Opici Wine.
Players
SELLER
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$303,466.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$20,215.36
Cash-on-Cash Return-1.27%
Monthly Debt Service$26,973.50
Annual Debt Service$323,682.03
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