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635 Gator Dr Lantana, FL 33...

Alliance HP Investments Acquires Industrial Property In Lantana For $9.25M
SOLDIndustrial

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

Douglas K. Mandel

Marcus & Millichap

Broker

$1.1B

vol

72 deals

Broker
AI
Alliance HP InvestmentsBuyer

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