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

The property asset involved in this transaction is located at 3660 E Industrial Way, Riviera Beach, and is classified as an industrial property. It has a total square footage of 49,000 and was sold for a sale price of $6,150,000, down from an initial asking price of $6,300,000, resulting in a price per square foot of $126.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $6,150,000
• Asking Price: $6,300,000
• Square Footage: 49,000
• Price Per Square Foot: $126
• Buyer: Asi Cabessa
• Seller: Mindful Properties
• Brokers: Tyler Kuhlman & Doug Mandel @MarcusMillichap_FL
• Date of Sale: 05/20/2021

The individuals involved in the transaction include the buyer, Asi Cabessa, and the seller, Mindful Properties. Tyler Kuhlman and Doug Mandel represented the seller in this deal through their agency, Marcus Millichap. The sale reflects an active real estate market for industrial properties in the Riviera Beach area.