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4651 Dyer Blvd, West Palm B...

Updated Oct 28, 2024

Snl 4651 Dyer Blvd LLC Acquires Industrial Property In West Palm Beach For $5.95M
SOLDIndustrial

Snl 4651 Dyer Blvd LLC Acquires Industrial Property In West Palm Beach For $5.95M

4651 Dyer Blvd, West Palm Beach, FL, USA

$5,950,000

$491/SF

Building Size

12,104 SF

Asset Type

Industrial

Closing

Jul 25, 2021

About this deal

AI

The industrial property located at 4651 Dyer Blvd in West Palm Beach has been sold. The property spans 12,104 square feet and was acquired by Snl 4651 Dyer Blvd LLC for a total sale price of $5,950,000. This amounts to an average price per square foot of $492. The transaction took place on July 26, 2021.

Summary of transaction details

  • Property Type: Industrial
  • Transaction Amount: $5,950,000
  • Square Footage: 12,104
  • Price per Square Foot: $492

The buyer for this industrial property was Snl 4651 Dyer Blvd LLC. On the other hand, Leo Addimando acted as the seller. No additional details are available regarding this transaction.

Players

Leo Addimando

Alterra Property Group

Seller

$1.1B

vol

15 deals

Seller

West Palm Beach Industrial Market Snapshot

Boundary boundary · Industrial · Sale transactions

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Deal FAQ

About $491 per square foot on a published $6M for 12,104 square feet (2021).

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

2.67%

Cash-on-Cash

-0.76%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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