Alliance HP Investments Acquires Industrial Property In Lantana For $9.25M
SOLD
$9,250,000
Florida
See Similar DealsIndustrial50,056 SF
Sold 07/26/2023
SOLD
Alliance HP Investments Acquires Industrial Property In Lantana For $9.25M
635 Gator Dr Lantana, FL 33462, USA
See Similar DealsIndustrial50,056 SF
Sold 07/26/2023
Summary
FLORIDA
Asset Type:Industrial
Price Per Square Foot:$184
Total Square Footage:50,056 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$493,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$32,863.31
Cash-on-Cash Return-1.27%
Monthly Debt Service$43,849.72
Annual Debt Service$526,196.63
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