Updated Oct 28, 2024
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
About this deal
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.
On the Map
$6,355,000
$129/SF
Industrial
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Players
Riviera 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
2.50%
Cash-on-Cash
-0.71%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93