Updated Dec 21, 2023
Kenneth Morgan Acquires Warehouse On Investment Ln In West Palm Beach For $3.9M
3820 Investment Lane, West Palm Beach, Florida 33404, United States
$3,900,000
$123/SF
Building Size
31,500 SF
Asset Type
Industrial
Closing
Dec 20, 2021
About this deal
AI
A warehouse located at 3820 Investment Ln in West Palm Beach, FL has been sold. The property spans 31,500 square feet and was sold for a price of $3,900,000, resulting in a price per square foot of $123.
Summary of transaction details
- Property Type: Warehouse
- Transaction Amount: $3,900,000
- Address: 3820 Investment Ln, West Palm Beach, FL
- Market: West Palm Beach, FL
- Buyer: Kenneth Morgan
- Seller: Brew Lynn St John & William P St John Jr & Mildred E St John
Kenneth Morgan purchased the warehouse from the sellers, Brew Lynn St John, William P St John Jr, and Mildred E St John. This transaction reflects the active nature of the real estate market in West Palm Beach, FL.
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
4.07%
Cash-on-Cash
-1.16%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93