facebook
TradedTraded
    Home
    Search
    Closings
    Listings
    On Market
    Off Market
    Add a listing
    Vaults
    shh
    Rankings
    News
    Data
    Socials
    More


Messages

Go Pro
+ Submit+ Submit a Deal
Home

/

Deals

/

Florida

/

Industrial

/

Sale

/

1425 Watertower Road

Alaina Macia Acquires Industrial Property On Watertower Rd. In West Palm Beach For $5.69M
SOLDIndustrial

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

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.

Players

Sky Groden

JLL

Broker

$207.6M

vol

13 deals

Broker
OW
Opici WineSeller

West Palm Beach Industrial Market Snapshot

Boundary boundary · Industrial · Sale transactions

Loading comparables…

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