KODA Capital Acquires Industrial Properties In West Palm Beach & Riviera Beach For $12.75M
SOLD
$12,750,000
+ 2
Florida
See Similar DealsIndustrial161,087 SF
Sold 04/07/2021
SOLD
KODA Capital Acquires Industrial Properties In West Palm Beach & Riviera Beach For $12.75M
6555 Garden Road
See Similar DealsIndustrial161,087 SF
Sold 04/07/2021
+ 2
Summary
FLORIDA
Asset Type:Industrial
Price Per Square Foot:$79
Total Square Footage:161,087 SF
Transaction Type:Sale
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].
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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
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