facebook
Traded Co logo
Submit

Avid Asset Management Acquires Industrial Property In West Palm Beach

Property Image
SOLD
$22,000,000
Ronald (Ron) Granite
Mike Davis
Jason Hochman
+ 2

Florida

See Similar Deals
Industrial142,082 SF
Sold 03/31/2022
the dealplayerscompscontact
Property Image
SOLD

Avid Asset Management Acquires Industrial Property In West Palm Beach

1601 Hill Avenue, West Palm Beach, Florida 33407, United States

See Similar Deals
Industrial142,082 SF
Sold 03/31/2022
Ronald (Ron) Granite
Mike Davis
Jason Hochman
+ 2
the dealplayerscompscontact
Contact now

Summary

FLORIDA
Asset Type:Industrial
Price Per Square Foot:$154
Total Square Footage:142,082 SF
Transaction Type:Sale

An industrial property located at 1601 Hill Avenue in West Palm Beach has been sold in a recent transaction. The property offers a prime location in the West Palm Beach market.

Summary of transation details

  • Property Type: Industrial
  • Transaction Date: 03/31/2022
  • Address: 1601 Hill Avenue
  • Market: West Palm Beach

Avid Asset Management, represented by Steven Samuels and Fogel Capital, purchased the property from seller Clay Hamlin. The buyer was assisted by their representative, Kapp Morrison. On the other hand, Dominic Montazemi and Mike Davis from Cushman & Wakefield acted as the seller's representatives.

Players

Dominic Montazemi
Cushman & Wakefield
Dominic Montazemi
90 deals$4.2B volume
BROKER
Jason Hochman
Cushman & Wakefield
Jason Hochman
28 deals$1B volume
BROKER
Mike Davis
Cushman & Wakefield
Mike Davis
65 deals$3.6B volume
BROKER
Ronald (Ron) Granite
Cushman & Wakefield
Ronald Granite
19 deals$886.5M volume
BROKER
Newmark
Newmark
BROKERAGE
CH
Clay Hamlin
3 deals$82.7M volume
SELLER

Details

SOLD
IMAGE: Dominic Montazemi, Jason Hochman, Steven Samuels, Ron Granite & Mike Davis DATE: 03/31/2022 ADDRESS: 1601 Hill Avenue MARKET: West Palm Beach ASSET TYPE: Industrial BUYER: Avid Asset Management - Steven Samuels & Fogel Capital SELLER: Clay Hamlin BUYER'S REP: Kapp Morrison SELLER'S REP: Dominic Montazemi & Mike Davis - Cushman & Wakefield

Stay in the Know

Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.

By subscribing, you agree to our Terms of Service and Privacy Policy.

Similar Deals

Contact

Get in touch with the broker you want

Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$1,173,333.33

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$78,161.35
Cash-on-Cash Return-1.27%
Monthly Debt Service$104,291.22
Annual Debt Service$1,251,494.69