Jim Batmasian Acquires Industrial Property In Riviera Beach For $15.5M
SOLD
$15,500,000
Florida
See Similar DealsIndustrial115,795 SF
Sold 08/29/2022
SOLD
Jim Batmasian Acquires Industrial Property In Riviera Beach For $15.5M
6557 Garden Road
See Similar DealsIndustrial115,795 SF
Sold 08/29/2022
Summary
FLORIDA
Asset Type:Industrial
Price Per Square Foot:$133
Total Square Footage:115,795 SF
Transaction Type:Sale
A industrial property located at 6557 Garden Rd in Riviera Beach has been sold for a price of $15,500,000. The property spans approximately 115,795 square feet, resulting in a price per square foot of $134.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $15,500,000
- Square Footage: 115,795 SF
- Price per Square Foot: $134
- Address: 6557 Garden Rd, Riviera Beach
The buyer of the property is Jim Batmasian, while Jonathan Ginsberg acted as the seller. The deal was facilitated by brokers Tyler S. Kuhlman, Douglas K. Mandel, and Zach Levine from Marcus & Millichap.
Players
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$826,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$55,068.22
Cash-on-Cash Return-1.27%
Monthly Debt Service$73,477.91
Annual Debt Service$881,734.89
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