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4574 Dyer Boulevard

Twenty Lake Holdings Acquires Industrial Assets In Riviera Beach For $16.8M From Brightleaf Management
SOLDIndustrial

Twenty Lake Holdings Acquires Industrial Assets In Riviera Beach For $16.8M From Brightleaf Management

4574 Dyer Boulevard, 4249 Westroads Drive & 6677 42nd Terrace North

$16,800,000

$58/SF

Building Size

285,960 SF

Asset Type

Industrial

Closing

Mar 14, 2025

AI

The property asset involved in the transaction is located at 4574 Dyer Boulevard in the Riviera Beach market. This industrial asset encompasses 95,320 square feet and was sold for a total price of $16,800,000.00.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: $16,800,000.00
  • Address: 4574 Dyer Boulevard
  • Market: Riviera Beach
  • Square Footage: 95,320.0
  • Buyer: Twenty Lake Holdings
  • Seller: Brightleaf Management
  • Sale Date: 03/14/2025

The transaction was facilitated by the representatives of the buyer and seller, with the deal being managed on behalf of Twenty Lake Holdings and Brightleaf Management. This sale highlights the active engagement of both parties in navigating the industrial real estate market.

Players

Tyler Kuhlman

CBRE

Broker

$1.6B

vol

113 deals

Broker
TH
Twenty Lake HoldingsBuyer

West Palm Beach 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

0.94%

Cash-on-Cash

-0.27%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93