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5133 Tylerlakes Boulevard

Divine Savior Academy Acquires Industrial Asset From Kevin P. Smith For $3.935M In West Palm Beach
SOLDIndustrial

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

Hector Catano

Cornerstone International Realty

Broker

$66.3M

vol

14 deals

Broker
Cornerstone International Realty
Cornerstone International RealtyBrokerage

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