Updated Oct 28, 2024
Edmund H. Beebe Acquires Industrial Property In West Palm Beach For $3.7M
2300 Witt St, West Palm Beach, FL, USA
$3,700,000
$157/SF
Building Size
23,574 SF
Asset Type
Industrial
Closing
Sep 1, 2021
About this deal
AI
The industrial property located at 2300 Witt St in West Palm Beach has been sold for a price of $3,700,000. The property spans a total area of 23,574 square feet, resulting in a price per square foot of $157.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $3,700,000
- Address: 2300 Witt St, West Palm Beach
- Market: West Palm Beach
The buyer in this transaction is Edmund H. Beebe, while the seller is Theomar Limited LP.
The industrial sale at 2300 Witt St, West Palm Beach, FL, USA in West Palm Beach, Florida sold for $3.7M in 2021. The building is 23,574 square feet, implying about 157 per square foot on the published price. This page is the West Palm Beach, Florida file for the 2300 Witt St, West Palm Beach, FL, USA industrial sold: pricing, party profiles, and other closed industrial comps from the same West Palm Beach sit in the Market section below. Filter that West Palm Beach industrial set by closing date to see what else sold near 2300 Witt St, West Palm Beach, FL, USA around 2021. Published consideration for 2300 Witt St, West Palm Beach, FL, USA is $3.7M, dated 2021. Cite this Edmund H. Beebe Acquires Industrial Property In West Palm Beach For $3.7M sale when underwriting similar industrial product around West Palm Beach, Florida.
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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
4.29%
Cash-on-Cash
-1.23%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93