facebook

traded

+ Submit
Home

/

Deals

/

Florida

/

Industrial

/

Sale

/

3660 East Industrial Way, W...

Asi Cabessa Acquires Industrial Property In Riviera Beach For $6.15M
SOLDIndustrial

Asi Cabessa Acquires Industrial Property In Riviera Beach For $6.15M

3660 East Industrial Way, West Palm Beach, FL, USA

$6,355,000

$129/SF

Building Size

49,000 SF

Asset Type

Industrial

Closing

May 19, 2020

AI

An industrial property located at 3660 - 3762 E Industrial Way in Riviera Beach has been sold. The property, totaling 49,000 square feet, was sold for $6,150,000. It was originally listed for $6,355,000, resulting in a price per square foot of $126.

Summary of transaction details

  • Property Type: Industrial
  • Transaction Amount: $6,150,000
  • Address: 3660 - 3762 E Industrial Way, Riviera Beach
  • Market: Riviera Beach

The buyer of the property was Asi Cabessa, while the seller was Mindful Capital. The deal was facilitated by Juda Hersh from One Commercial and Shane Decker from One Commercial. Both brokers represented their respective clients in the transaction.

Players

Shane Decker

Decker Capital

Broker

$406M

vol

22 deals

Broker
Asi Cabessa

Asi Cabessa

Buyer

$52M

vol

9 deals

Buyer
MC
Mindful CapitalSeller

Riviera 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

2.50%

Cash-on-Cash

-0.71%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93