Alex Redfearn Of Redfearn Capital Purchases Industrial Asset From Paul Maddock For $3.4M
4875 Park Ridge Boulevard
$3,400,000
$197/SF
Building Size
17,215 SF
Asset Type
Industrial
Closing
Nov 20, 2024
AI
The property involved in this transaction is an industrial asset located at 4875 Park Ridge Boulevard in Boynton Beach. The transaction was completed for a sale price of $3,400,000, encompassing a total area of 17,215 square feet, resulting in a price per square foot of $197.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $3,400,000
- Square Footage: 17,215
- Price Per Square Foot: $197
- Buyer: Alex Redfearn - Redfearn Capital
- Seller: Paul Maddock
- Date of Sale: 11/20/2024
In this transaction, buyer Alex Redfearn of Redfearn Capital acquired the property from seller Paul Maddock. The completion of this sale was finalized on November 20, 2024.
Players
Boynton 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
4.67%
Cash-on-Cash
-1.33%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93