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Academy Bus Acquires Industrial Property From Guardian Manufacturing In West Palm Beach For $3.15M

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SOLD
$3,150,000

Florida

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Industrial2,800 SF
Sold 04/25/2025
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Property Image
SOLD

Academy Bus Acquires Industrial Property From Guardian Manufacturing In West Palm Beach For $3.15M

6581 Southern Boulevard

See Similar Deals
Industrial2,800 SF
Sold 04/25/2025
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Summary

FLORIDA
Asset Type:Industrial
Price Per Square Foot:$1,125
Total Square Footage:2,800 SF
Transaction Type:Sale

The transaction involved an industrial property located at 6581 Southern Boulevard in West Palm Beach. The asset was sold for $3,150,000, encompassing a total square footage of 2,800. The land area associated with this property is 1.09 acres, yielding a price per acre of $2,889,908 and a price per square foot of $1,125.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: $3,150,000
  • Address: 6581 Southern Boulevard
  • Market: West Palm Beach
  • Buyer: Academy Bus
  • Seller: Guardian Manufacturing
  • Broker Representatives: Santiago Acevedo & Rich DeGirolamo - Compass
  • Square Footage: 2,800
  • Acres: 1.09
  • Price per Square Foot: $1,125
  • Price per Acre: $2,889,908

Academy Bus acquired the property from Guardian Manufacturing, with Santiago Acevedo and Rich DeGirolamo from Compass representing the seller in this deal. The completed transaction underscores the collaboration between the buyer and their representatives, ensuring the successful exchange of the industrial asset.

Players

Santiago Acevedo
12 deals$63M volume(954) 652-9911
BROKER

Rich DeGirolamo
Compass
8 deals$47.6M volume(215) 680-2266
BROKER

Details

SOLD
IMAGE: Santiago Acevedo & Rich DeGirolamo DATE: 04/25/2025 ADDRESS: 6581 Southern Boulevard MARKET: West Palm Beach ASSET TYPE: Industrial BUYER: Academy Bus SELLER: Guardian Manufacturing BROKERS: Santiago Acevedo (@SantiagoAceved.o) & Rich DeGirolamo - Compass (@Compass) SALE PRICE: $3,150,000 SF: 2,800 ~ PPSF: $1,125 ACRES: 1.09 ~ PPA: $2,889,908

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$168,000.00

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$11,191.28
Cash-on-Cash Return-1.27%
Monthly Debt Service$14,932.61
Annual Debt Service$179,191.28