Updated Sep 5, 2024
Ohio Resources LLC & Anthony Robbins Companies Acquire West Palm Beach Industrial Property For $4.4M
2951 Electronics Way, West Palm Beach, FL 33407, USA
$4,400,000
$15/SF
Building Size
280,000 SF
Asset Type
Industrial
Closing
Oct 5, 2020
About this deal
AI
An industrial property located at 2951 Electronics Way in West Palm Beach has been sold in a recent transaction. The property spans 28,000 square feet and was sold for a price of $4,400,000, which translates to approximately $157 per square foot.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $4,400,000
The buyer of the property is Ohio Resources LLC and Anthony Robbins Companies, represented by Tony Robbins and Yogesh Babla. The seller in this transaction is Bohren's Moving & Storage.
Douglas K. Mandel, Tyler S. Kuhlman, Richard Redmond, and Tony Robbins acted as the brokers in this deal.
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
3.61%
Cash-on-Cash
-1.03%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93