Updated Oct 28, 2024
EML Realty Partners Acquires Industrial Property In Palm Bay For $12.5M
1700 Main Street Northeast, Palm Bay, Florida 32905, United States
$12,500,000
$96/SF
Building Size
130,000 SF
Asset Type
Industrial
Closing
Mar 1, 2022
About this deal
AI
The industrial property located at 1700-1720 Main St. NE in Palm Bay has been sold for $12,500,000. The property spans over 15 acres and offers 130,000 square feet of space. The sale price per square foot was $96.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $12,500,000
- Address: 1700-1720 Main St. NE
- Market: Palm Bay
- Acres: 15
- Square Feet: 130,000
- Price per Square Foot: $96
The buyer of the property was EML Realty Partners, represented by Eric Levitt and The Becker Organization.
On the Map
$12,500,000
$96/SF
Industrial
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Players
Palm Bay 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
1.27%
Cash-on-Cash
-0.36%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93