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1617 Meathe Drive, West Pal...

Dalfen Industrial Acquires Industrial Asset In West Palm Beach For $60.6M
SOLDIndustrial

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

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.

Players

Luis Castillo

JLL

Broker

$2.2B

vol

56 deals

Broker
Dalfen Industrial
Dalfen IndustrialBuyer

Jeff Greene

Seller

$169.6M

vol

3 deals

Seller

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

0.26%

Cash-on-Cash

-0.07%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93