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
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.
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