facebook

traded

+ Submit
Home

/

Deals

/

Florida

/

Industrial

/

Sale

/

300 Northpoint Parkway, Wes...

Equus Capital Partners Acquires Industrial Property In West Palm Beach For $41M
SOLDIndustrial

Equus Capital Partners Acquires Industrial Property In West Palm Beach For $41M

300 Northpoint Parkway, West Palm Beach, Florida 33407, United States

$41,000,000

$277/SF

Building Size

147,689 SF

Asset Type

Industrial

Closing

Feb 7, 2022

AI

Equus Capital Partners has acquired an industrial property located at 300 & 1400 Northpoint Parkway in West Palm Beach. The property spans approximately 12.2 acres and was sold by Prologis. The sale was completed for a total price of $41,000,000. The property offers a total square footage of 147,689, resulting in a price per square foot of $278.

Summary of transaction details

  • Property Type: Industrial
  • Transaction Amount: $41,000,000
  • Address: 300 & 1400 Northpoint Parkway, West Palm Beach
  • Market: West Palm Beach
  • Acres: 12.2

Daniel DiLella from Equus Capital Partners represented the buyer in this transaction, while Hamid Moghadam represented Prologis as the seller's representative.

Players

Daniel DiLella

Equus Capital Partners

Buyer

$453.9M

vol

6 deals

Buyer
Hamid Moghadam

Hamid Moghadam

Prologis

Seller

$2.6B

vol

51 deals

Seller

West Palm Beach Industrial Market Snapshot

Boundary boundary · Industrial · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.39%

Cash-on-Cash

-0.11%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93