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6461 Garden Road

FP Riviera Sells Industrial Property At 6461 Garden Road Riviera Beach For $9M With Tyler Kuhlman As The Broker
SOLDIndustrial

FP Riviera Sells Industrial Property At 6461 Garden Road Riviera Beach For $9M With Tyler Kuhlman As The Broker

6461 Garden Road

$9,000,000

$232/SF

Building Size

38,661 SF

Asset Type

Industrial

Closing

Jun 25, 2025

AI

The property asset involved in the transaction is an industrial asset located at 6461 Garden Road in the Riviera Beach market. The sale price for the property was $9,000,000, and it encompasses 38,661 square feet, translating to a price per square foot of $232.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: $9,000,000
  • Address: 6461 Garden Road
  • Market: Riviera Beach
  • Seller: FP Riviera
  • Broker: Tyler Kuhlman - CBRE
  • Square Footage: 38,661
  • Price Per Square Foot: $232

Tyler Kuhlman from CBRE represented the seller, FP Riviera, in this transaction, facilitating the sale of the industrial property. The involvement of a well-known broker may have influenced the complexity and execution of the deal.

Players

Tyler Kuhlman

CBRE

Broker

$1.6B

vol

113 deals

Broker
CBRE
CBREBrokerage

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

1.76%

Cash-on-Cash

-0.50%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93