Rich Global Acquires Flex Building In Riviera Beach From EPR Properties For $3M
6598 North Military Trail
$3,000,000
$118/SF
Building Size
25,300 SF
Asset Type
Industrial
Closing
Sep 29, 2025
AI
The asset involved in this transaction is a flex building located at 6598 North Military Trail in Riviera Beach. The sale price for the property was $3,000,000, which reflects a price per square foot of $118. The total square footage of the building is 25,300.
Summary of transaction details:
- Property Type: Flex Building
- Transaction Amount: $3,000,000
- Address: 6598 North Military Trail
- Market: Riviera Beach
- Buyer: Rich Global
- Seller: EPR Properties (NYSE:EPR)
- Buyer's Representative: Max Loria & David Richman - STL Commercial
Key individuals involved in the deal include the buyer, Rich Global, and the seller, EPR Properties. The transaction was represented by brokers Max Loria and David Richman from STL Commercial, who facilitated the agreement between the two parties.
Players
West Palm Beach Industrial Market Snapshot
Boundary boundary · Industrial · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.29%
Cash-on-Cash
-1.51%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93