facebook
Traded Co logo
Submit

Yannai Gordon & James Mendel Acquire Industrial Property In Riviera Beach For $5.2M

Property Image
SOLD
$5,200,000
Zach Levine
Tyler Kuhlman
Douglas K. Mandel
+ 4

Florida

See Similar Deals
Industrial29,280 SF
Sold 03/23/2023
the dealplayerscompscontact
Property Image
SOLD

Yannai Gordon & James Mendel Acquire Industrial Property In Riviera Beach For $5.2M

4390 Westroads Drive

See Similar Deals
Industrial29,280 SF
Sold 03/23/2023
Zach Levine
Tyler Kuhlman
Douglas K. Mandel
+ 4
the dealplayerscompscontact
Contact now

Summary

FLORIDA
Asset Type:Industrial
Price Per Square Foot:$177
Total Square Footage:29,280 SF
Transaction Type:Sale

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

Douglas K. Mandel
Marcus & Millichap
Douglas K. Mandel
72 deals$1.1B volume(954) 245-3465
BROKER
Tyler Kuhlman
CBRE
Tyler Kuhlman
113 deals$1.6B volume(561) 685-0140
BROKER
Zach Levine
Marcus & Millichap
Zach Levine
41 deals$620.1M volume(954) 296-6253
BROKER
Yannai Gordon
Faropoint
Yannai Gordon
7 deals$200.7M volume
BUYER
JM
Faropoint
James Mendel
3 deals$28.5M volume
BUYER
Eric M. Levitt
EML Realty Partners
Eric M. Levitt
13 deals$63M volume
SELLER
BB
Bryan Becker
3 deals$29.3M volume
SELLER

Details

SOLD
IMAGE: Zach Levine, Tyler Kuhlman & Douglas Mandel DATE: 03/23/2023 ADDRESS: 4390 Westroads Drive MARKET: Riviera Beach ASSET TYPE: Industrial BUYER: Yannai Gordon & James Mendel SELLER: Eric Levitt & Bryan Becker BROKERS: Tyler Kuhlman (@Tylerkuhlman_), Douglas (Doug) Mandel (@DougMandel) & Zach Levine (@Zachlevine_) - Marcus & Millichap (@MarcusMillichap_FL) SALE PRICE: $5,200,000 SF: 29,280 ~ PPSF: $178

Stay in the Know

Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.

By subscribing, you agree to our Terms of Service and Privacy Policy.

Similar Deals

Contact

Get in touch with the broker you want

Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$277,333.32

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$18,474.52
Cash-on-Cash Return-1.27%
Monthly Debt Service$24,650.65
Annual Debt Service$295,807.83