Divine Savior Academy Acquires Industrial Asset From Kevin P. Smith For $3.935M In West Palm Beach
5133 Tylerlakes Boulevard
$3,935,000
$279/SF
Building Size
14,058 SF
Asset Type
Industrial
Closing
Sep 14, 2025
AI
The property asset involved in this transaction is an industrial space located at 5133 Tylerlakes Boulevard, situated in the West Palm Beach market. The property sold for $3,935,000, encompassing a total area of 14,058 square feet, which equates to a price per square foot of $279.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $3,935,000
- Address: 5133 Tylerlakes Boulevard
- Market: West Palm Beach
- Square Footage: 14,058
- Price per Square Foot: $279
- Buyer: Divine Savior Academy
- Seller: Kevin P. Smith - Progressive Casualty Insurance Company
- Broker: Hector Catano - Cornerstone International Realty
Hector Catano served as the sole broker for this transaction, successfully bringing together the buyer, Divine Savior Academy, and the seller, Kevin P. Smith representing Progressive Casualty Insurance Company. Hector Catano can be found at @cre_mentor for those looking to purchase a non-listed commercial property.
Players
Riviera 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
4.03%
Cash-on-Cash
-1.15%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93