KODA Capital Acquires West Palm Beach Industrial Properties For $12.75M
SOLD
$12,750,000
+ 1
Florida
See Similar DealsIndustrial161,087 SF
Sold 04/07/2021
SOLD
KODA Capital Acquires West Palm Beach Industrial Properties For $12.75M
6555 Garden Road
See Similar DealsIndustrial161,087 SF
Sold 04/07/2021
+ 1
Summary
FLORIDA
Asset Type:Industrial
Price Per Square Foot:$79
Total Square Footage:161,087 SF
Transaction Type:Sale
Located in West Palm Beach and Riviera Beach, the industrial property at 6555 Garden Road, 6557 Garden Road, and 3541 Dr Martin Luther King Jr Blvd has been sold in a recent transaction. The property spans a total of 161,087 square feet and was sold for a price of $12,750,000, resulting in a price per square foot of $79.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $12,750,000
- Address: 6555 Garden Road, 6557 Garden Road & 3541 Dr Martin Luther King Jr Blvd
- Market: West Palm Beach & Riviera Beach
The buyer of the property is KODA Capital, represented by oniDagan and Brandon Kochen. The seller, Interstate Park Holdings, was represented by Douglas Mandel, Tyler Kuhlman, and Richard Redmond from Marcus & Millichap.
Players
Details
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Similar Deals
Contact
Get in touch with the broker you want
Similar Buyers
Unlock All Profiles
Upgrade to Traded Pro for full access to every deal, profile & market insight.Unlimited deal views
Access investor profiles & contacts
Exclusive comps & market data
Go Pro
Similar Brokers
Search Address Tool
Enter any address to instantly view nearby comps, investors, brokers, lenders, and a visual map.NEW!
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$679,999.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$45,298.06
Cash-on-Cash Return-1.27%
Monthly Debt Service$60,441.50
Annual Debt Service$725,298.06
Is there something missing? Send suggestions