Updated Jan 14, 2026
Ganesh Patel Acquires Industrial Property In West Palm Beach For $1.55M From Deborah Lynch
53rd Court
$1,550,000
$123/SF
Building Size
12,582 SF
Asset Type
Industrial
Closing
Dec 30, 2025
About this deal
AI
The property asset involved in this transaction is an industrial asset located at 53rd Court in West Palm Beach. The sale price of the asset was $1,550,000, and it encompasses a total square footage of 12,582 with a price per square foot of $123.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $1,550,000
- Address: 53rd Court
- Market: West Palm Beach
- Buyer: Ganesh Patel
- Seller: Deborah Lynch
- Brokers: Alan Kaye & Randy Bring - Transworld Commercial Real Estate
The deal involved key individuals, including buyer Ganesh Patel and seller Deborah Lynch, who facilitated the transaction with the assistance of brokers Alan Kaye and Randy Bring representing Transworld Commercial Real Estate.
On the Map
$1,550,000
$123/SF
Industrial
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Players
West Palm 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
10.23%
Cash-on-Cash
-2.92%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93