Christopher Sblendorio Of SBL IG OF FLORIDA LLC Purchases Industrial Property In West Palm Beach For $4.3M
5205 Tylerlakes Boulevard
$4,300,000
$347/SF
Building Size
12,376 SF
Asset Type
Industrial
Closing
Aug 1, 2024
AI
The property asset involved in this transaction is an industrial asset located at 5205 Tylerlakes Boulevard in West Palm Beach. The sale included a total square footage of 12,376, culminating in a price per square foot of $347. The sale price for the property amounted to $4,300,000.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $4,300,000
- Address: 5205 Tylerlakes Boulevard
- Market: West Palm Beach
- Square Footage: 12,376
- Price Per Square Foot: $347
- Buyer: Christopher Sblendorio - SBL IG OF FLORIDA, LLC
- Seller: David Eisen - DGFL LLC
- Broker: Christina Combias - Voro Real Estate
This transaction featured Christopher Sblendorio representing SBL IG OF FLORIDA, LLC as the buyer and David Eisen representing DGFL LLC as the seller. The brokerage for this deal was handled by Christina Combias from Voro Real Estate, facilitating the transaction between the parties involved.
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
3.69%
Cash-on-Cash
-1.05%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93