Redfearn Capital Acquires Industrial Property In Riviera Beach For $4.2M
SOLD
$4,200,000
Florida
See Similar DealsIndustrial25,000 SF
Sold 06/18/2024
SOLD
Redfearn Capital Acquires Industrial Property In Riviera Beach For $4.2M
6780 White Drive
See Similar DealsIndustrial25,000 SF
Sold 06/18/2024
Summary
FLORIDA
Asset Type:Industrial
Price Per Square Foot:$168
Total Square Footage:25,000 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$223,999.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$14,921.72
Cash-on-Cash Return-1.27%
Monthly Debt Service$19,910.14
Annual Debt Service$238,921.71
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