Updated Oct 28, 2024
Alaina Macia Acquires Industrial Property On Watertower Rd. In West Palm Beach For $5.69M
1425 Watertower Road
$5,690,000
$214/SF
Building Size
26,525 SF
Asset Type
Industrial
Closing
Nov 15, 2021
About this deal
AI
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.
On the Map
$5,690,000
$214/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
2.79%
Cash-on-Cash
-0.80%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93