Cabot Properties Acquires Industrial Property In Royal Palm Beach For $15.5M

501 103rd Ave N, Royal Palm Beach, FL 33411, USA

$15,500,000

$17/SF

Building Size

867,100 SF

Asset Type

Industrial

Closing

Jul 26, 2020

AI

The industrial property located at 501 103rd Avenue North in Royal Palm Beach has been sold for a price of $15,500,000. The property spans 86,710 square feet, resulting in a price per square foot of $179.

Summary of transaction details

Property Type: Industrial
Transaction Amount: $15,500,000
Square Footage: 86,710
Price per Square Foot: $179
Address: 501 103rd Avenue North, Royal Palm Beach
Market: Royal Palm Beach

The seller of the property is Edward Easton of the Easton Group, while the buyer is Cabot Properties.

Players

Royal 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

1.02%

Cash-on-Cash

-0.29%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93