Alliance HP Investments Acquires Industrial Property In Lantana For $9.25M
635 Gator Dr Lantana, FL 33462, USA
$9,250,000
$184/SF
Building Size
50,056 SF
Asset Type
Industrial
Closing
Jul 26, 2023
AI
Alliance HP Investments has acquired an industrial property in Lantana for a sale price of $9,250,000. The property, located at 635 Gator Drive and 820 N. 8th Street, spans 50,056 square feet and was sold by Lisa Gerard - REMCO 635. The transaction was facilitated by brokers Tyler Kuhlman, Zach Levine, and Douglas Mandel of Marcus & Millichap.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $9,250,000
- Address: 635 Gator Drive & 820 N. 8th Street
- Market: Lantana
Alliance HP Investments, represented by their brokers Tyler Kuhlman, Zach Levine, and Douglas Mandel, successfully acquired the industrial property at 635 Gator Drive and 820 N. 8th Street in Lantana. The property spans 50,056 square feet and was sold by Lisa Gerard - REMCO 635. The sale price of $9,250,000 reflects a price per square foot of $185.
Players
Miami 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
1.71%
Cash-on-Cash
-0.49%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93