Updated Dec 21, 2023
Aaron M. Sacks & Kenneth Code Acquire Industrial Property In West Palm Beach For $127.5M
1701 North Australian Avenue, West Palm Beach, Florida 33407, United States
$127,500,000
$404/SF
Building Size
315,361 SF
Asset Type
Industrial
Closing
Dec 29, 2021
About this deal
AI
The industrial property located at 1701 Australian Ave, 2001 Australian Ave, 2000 Avenue P, 1311 W 15th St, and 1301 W 15th St in West Palm Beach, FL has been sold in a transaction that took place on December 30, 2021. The property spans a total area of 315,361 square feet.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $127,500,000
- Price per Square Foot: $404
The buyers in this transaction were Aaron M. Sacks and Kenneth Code. On the other hand, the sellers were John WauterLek and Kenneth S. Donner.
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
0.12%
Cash-on-Cash
-0.04%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93