Cabot Properties Acquires Industrial Property In Royal Palm Beach For $15.5M
SOLD
$15,500,000
Florida
See Similar DealsIndustrial867,100 SF
Sold 07/27/2020
SOLD
Cabot Properties Acquires Industrial Property In Royal Palm Beach For $15.5M
501 103rd Ave N, Royal Palm Beach, FL 33411, USA
See Similar DealsIndustrial867,100 SF
Sold 07/27/2020
Summary
FLORIDA
Asset Type:Industrial
Price Per Square Foot:$17
Total Square Footage:867,100 SF
Transaction Type:Sale
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.
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$826,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$55,068.22
Cash-on-Cash Return-1.27%
Monthly Debt Service$73,477.91
Annual Debt Service$881,734.89
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