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
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
Loading comparables…
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