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

Property Image
SOLD
$6,355,000
Juda Hersh
Shane Decker
Asi Cabessa

Florida

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Industrial49,000 SF
Sold
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Property Image
SOLD

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

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

See Similar Deals
Industrial49,000 SF
Sold
Juda Hersh
Shane Decker
Asi Cabessa
the dealplayerscompscontact
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Summary

FLORIDA
Asset Type:Industrial
Price Per Square Foot:$129
Total Square Footage:49000 SF
Transaction Type:Sale

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
Shane Decker
20 deals$379M volume(305) 988-8333
BROKER
Juda Hersh
Hersh Equity Group
Juda Hersh
15 deals$128.9M volume
BROKER
Asi Cabessa
Asi Cabessa
9 deals$52M volume
BUYER
MC
Mindful Capital
SELLER

Details

SOLD
IMAGE: Shane Decker, Juda Hersh & Asi Cabessa DATE: 05/19/2021 ADDRESS: 3660 - 3762 E Industrial Way MARKET: Riviera Beach ASSET TYPE: Industrial BUYER: Asi Cabessa SELLER: Mindful Capital BROKERS: Juda Hersh @FLWarehouseGuy & Shane Decker @ShaneDecks - One Commercial @One.Cre ASKING PRICE: $6,355,000 SALE PRICE: $6,150,000 SF: 49,000 ~ PPSF: $126

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$338,933.33

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$22,577.98
Cash-on-Cash Return-1.27%
Monthly Debt Service$30,125.94
Annual Debt Service$361,511.31