Updated Oct 28, 2024
Dalfen Industrial Acquires Industrial Asset In West Palm Beach For $60.6M
1617 Meathe Drive, West Palm Beach, FL 33411
$60,600,000
$190/SF
Building Size
317,499 SF
Asset Type
Industrial
Closing
Sep 21, 2021
About this deal
AI
Located in West Palm Beach, the industrial property at 1617 Meathe Dr has been sold in a closed transaction. The property spans a total area of 317,499 square feet. The buyer of the property is Dalfen Industrial, while the seller is Jeff Greene. The transaction was facilitated by Luis Castillo, John Huguenard, Cody Brais, and Sky Groden from JLL. The sale price for the property was $60,600,000, resulting in a price per square foot of $191.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $60,600,000
- Address: 1617 Meathe Dr
- Market: West Palm Beach
The involvement of Dalfen Industrial as the buyer and Jeff Greene as the seller highlights the significant roles played by these individuals in the transaction.
On the Map
$60,600,000
$190/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
0.26%
Cash-on-Cash
-0.07%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93