Updated Oct 28, 2024
Westroads Drive Property Owner LLC Acquires Industrial Property In West Palm Beach For $3.1M
4390 Westroads Dr, West Palm Beach, FL, USA
$3,075,000
$106/SF
Building Size
28,860 SF
Asset Type
Industrial
Closing
Mar 28, 2021
About this deal
AI
The industrial property located at 4390 Westroads Dr in West Palm Beach has been sold. The transaction took place on March 29, 2021. The property was purchased by Westroads Drive Property Owner LLC. The seller of the property was Southport Mortgage Limited Partnership.
Summary of Transaction Details:
- Property Type: Industrial
- Transaction Amount: $3,075,000
- Square Footage: 28,860 SF
- Price per Square Foot: $107
- Address: 4390 Westroads Dr, West Palm Beach
- Market: West Palm Beach
Westroads Drive Property Owner LLC, represented by their broker, was the buyer in this transaction. Southport Mortgage Limited Partnership, represented by their broker, served as the seller. The property offers a total of 28,860 square feet and was sold for a price of $3,075,000, which translates to approximately $107 per square foot.
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
5.16%
Cash-on-Cash
-1.47%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93