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6598 North Military Trail

Rich Global Acquires Flex Building In Riviera Beach From EPR Properties For $3M
SOLDIndustrial

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

Max Loria

STL Commercial

Broker

$143.5M

vol

29 deals

Broker
 STL Commercial
STL CommercialBrokerage
EPR Properties
EPR PropertiesSeller

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