Ohio Resources LLC & Anthony Robbins Companies Acquire West Palm Beach Industrial Property For $4.4M
SOLD
$4,400,000
Florida
See Similar DealsIndustrial280,000 SF
Sold 10/06/2020
SOLD
Ohio Resources LLC & Anthony Robbins Companies Acquire West Palm Beach Industrial Property For $4.4M
2951 Electronics Way, West Palm Beach, FL 33407, USA
See Similar DealsIndustrial280,000 SF
Sold 10/06/2020
Summary
FLORIDA
Asset Type:Industrial
Price Per Square Foot:$15
Total Square Footage:280,000 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$234,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$15,632.26
Cash-on-Cash Return-1.27%
Monthly Debt Service$20,858.24
Annual Debt Service$250,298.94
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