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5205 Tylerlakes Boulevard

Christopher Sblendorio Of SBL IG OF FLORIDA LLC Purchases Industrial Property In West Palm Beach For $4.3M
SOLDIndustrial

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.

Players

Christina Combias

Voro Real Estate

Broker

$4.3M

vol

9 deals

Broker

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