Redfearn Capital Acquires Industrial Property In Riviera Beach For $4.2M
6780 White Drive
$4,200,000
$168/SF
Building Size
25,000 SF
Asset Type
Industrial
Closing
Jun 18, 2024
AI
The industrial property located at 6780 White Drive in Riviera Beach has been sold for $4,200,000. The total square footage of the property is 25,000 with a price per square foot of $168. The transaction took place on 06/18/2024.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $4,200,000
- Buyer: Redfearn Capital
- Seller: Sam Hunt
- Brokers: Douglas Mandel, Zach Levine & Joshua Gilbert - Marcus & Millichap
- Address: 6780 White Drive, Riviera Beach
The deal was facilitated by Douglas Mandel, Zach Levine, and Joshua Gilbert from Marcus & Millichap. Redfearn Capital acquired the industrial property from the seller, Sam Hunt, in this transaction.
Players
Riviera 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
3.78%
Cash-on-Cash
-1.08%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93