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
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
0.39%
Cash-on-Cash
-0.11%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93