Updated Oct 28, 2024
Alliance HP Investments Acquires Industrial Property In West Palm Beach For $16M
1426 Skees Road, West Palm Beach, Florida 33411, United States
$16,000,000
$218/SF
Building Size
73,130 SF
Asset Type
Industrial
Closing
May 8, 2022
About this deal
AI
An industrial property located at 1426 Skees Road in West Palm Beach has been sold for $16,000,000. This property spans over 73,130 square feet and is situated on 8.26 acres of land. The price per square foot for this transaction was $219, while the price per acre amounted to $1,937,046. The sale took place on 05/09/2022.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $16,000,000
- Square Footage: 73,130
- Price per Square Foot: $219
- Address: 1426 Skees Road, West Palm Beach
- Market: West Palm Beach
Alliance HP Investments purchased the property from Phyllis McHenry & Tony DeRosa. The transaction was facilitated by Yonatan Missika from Gridline Properties.
On the Map
$16,000,000
$218/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
0.99%
Cash-on-Cash
-0.28%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93