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6461 Garden Rd West Palm Be...

Flying Point Acquires Industrial Property In West Palm Beach For $5.9M
SOLDIndustrial

Flying Point Acquires Industrial Property In West Palm Beach For $5.9M

6461 Garden Rd West Palm Beach, FL 33404, USA

$5,916,000

$151/SF

Building Size

38,979 SF

Asset Type

Industrial

Closing

Jul 21, 2023

AI

An industrial property located at 6461 Garden Road in West Palm Beach has been sold in a recent transaction. The property spans across 38,979 square feet and was sold for a price of $5,916,000, which translates to an average price per square foot of $152.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: $5,916,000
  • Property Address: 6461 Garden Road
  • Market: West Palm Beach

Flying Point, represented by Sam Genet and Zach Sohn, acquired the property. Axiom Capital Advisors, represented by Jose Sasson Lerner and Roberto Susi, acted as the buyer's representatives. On the seller's side, the Planned Land Development Corp, represented by Priscilla McKinnon, sold the property. The seller's representatives were Pablo Vignolo, Raul Pino, and Jacqueline Rodriguez from The Hype Real Estate Group.

Please note that both the buyer's and seller's representatives specialize in sourcing and facilitating off-market transactions. For further inquiries, interested parties can reach out to Jose Sasson at 786-393-8089 / [email protected] or Roberto Susi at 305-528-3283 / [email protected] for the buyer's representatives. Alternatively, Pablo Vignolo can be contacted at 305-303-3837 / [email protected] or Raul Pino at 786-503-5583 / [email protected] for the seller's representatives.

Players

Jose Sasson Lerner

AXIOM Capital Advisors

Broker

$878.8M

vol

78 deals

Broker

Sam Genet

Flying Point

Buyer

$69.5M

vol

16 deals

Buyer

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

2.68%

Cash-on-Cash

-0.77%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93