Updated Oct 29, 2024
KODA Capital Acquires Industrial Properties In West Palm Beach & Riviera Beach For $12.75M
6555 Garden Road
$12,750,000
$79/SF
Building Size
161,087 SF
Asset Type
Industrial
Closing
Apr 7, 2021
About this deal
AI
An industrial property located at 6555 Garden Road, 6557 Garden Road, and 3541 Dr Martin Luther King Jr Blvd in West Palm Beach and Riviera Beach has been sold. The property spans a total area of 161,087 square feet. The sale took place on April 7, 2021, at 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
- Square Footage: 161,087
- Address: 6555 Garden Road, 6557 Garden Road, and 3541 Dr Martin Luther King Jr Blvd
- Market: West Palm Beach & Riviera Beach
The buyer of the property is KODA Capital, represented by Yoni Dagan and Brandon Kochen. The seller is Interstate Park Holdings. Douglas Mandel, Tyler Kuhlman, and Richard Redmond, from Marcus & Millichap, acted as the seller's representatives in the deal.
For further inquiries, KODA Capital can be contacted at (954) 400-4660 or [email protected].
Players
Riviera Beach Industrial Market Snapshot
Boundary boundary · Industrial · Sale transactions
Loading comparables…
Deal FAQ
Visit Tyler Kuhlman to view all their deals.
Browse Riviera Beach industrial sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.24%
Cash-on-Cash
-0.36%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93