Updated Feb 13, 2026
Franz F. Colloredo-Mansfeld Of Cabot Properties Acquires Three Industrial Buildings In West Palm Beach For $79.6M
1715 Meathe Drive, 1673 Meathe Drive & 2850 Ranch House Road
$79,600,000
$58/SF
Building Size
450,505 SF
Asset Type
Industrial
Closing
Feb 12, 2026
About this deal
AI
Cabot Properties acquired three fully leased industrial buildings located at 1715 Meathe Drive, 1673 Meathe Drive, and 2850 Ranch House Road in West Palm Beach for a total sale price of $79,600,000. The properties encompass a total square footage of 450,505, with a price per square foot of $177.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $79,600,000
- Buyer: Franz F. Colloredo-Mansfeld - Cabot Properties
- Seller: Sean Dalfen - Dalfen Industrial
- Square Footage: 450,505
- Price per Square Foot: $177
- Location: West Palm Beach
Franz F. Colloredo-Mansfeld represented Cabot Properties in the acquisition of these industrial assets from Sean Dalfen, who is the representative of Dalfen Industrial. This transaction expands Cabot’s portfolio in Florida to over 1.3 million square feet, strategically increasing its presence in a supply-constrained region near Palm Beach International Airport.
On the Map
$79,600,000
$58/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
0.20%
Cash-on-Cash
-0.06%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93