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
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
0.94%
Cash-on-Cash
-0.27%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93