Updated Oct 25, 2024
Yannai Gordon & James Mendel Acquire Industrial Property In Riviera Beach For $5.2M
4390 Westroads Drive
$5,200,000
$177/SF
Building Size
29,280 SF
Asset Type
Industrial
Closing
Mar 23, 2023
About this deal
AI
Located in Riviera Beach, the industrial property at 4390 Westroads Drive has recently changed hands in a sales transaction. The property spans a total of 29,280 square feet and was sold for a price of $5,200,000, resulting in a price per square foot of $178.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $5,200,000
- Address: 4390 Westroads Drive
- Market: Riviera Beach
The buyer in this transaction is Yannai Gordon & James Mendel, while the sellers are Eric Levitt & Bryan Becker. The deal was facilitated by the following brokers from Marcus & Millichap: Tyler Kuhlman, Douglas (Doug) Mandel, and Zach Levine.
Players
Market 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
3.05%
Cash-on-Cash
-0.87%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93