Updated Jul 1, 2025
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
About this deal
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.
On the Map
$9,000,000
$232/SF
Industrial
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Players
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