FP Riviera Sells Industrial Property At 6461 Garden Road Riviera Beach For $9M With Tyler Kuhlman As The Broker
SOLD
$9,000,000
Florida
See Similar DealsIndustrial38,661 SF
Sold 06/26/2025
SOLD
FP Riviera Sells Industrial Property At 6461 Garden Road Riviera Beach For $9M With Tyler Kuhlman As The Broker
6461 Garden Road
See Similar DealsIndustrial38,661 SF
Sold 06/26/2025
Summary
FLORIDA
Asset Type:Industrial
Price Per Square Foot:$232
Total Square Footage:38,661 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$480,000.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$31,975.10
Cash-on-Cash Return-1.27%
Monthly Debt Service$42,664.59
Annual Debt Service$511,975.10
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