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4875 Park Ridge Boulevard

Alex Redfearn Of Redfearn Capital Purchases Industrial Asset From Paul Maddock For $3.4M
SOLDIndustrial

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

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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