Updated Dec 21, 2023
Jake Zebede & Andrew Smith Acquire Industrial Property On 6801 Southern Blvd, West Palm Beach For $8.25M
6801 Southern Boulevard, West Palm Beach, Florida 33413, United States
$8,250,000
Building Size
—
Asset Type
Industrial
Closing
May 5, 2022
About this deal
AI
The industrial property located at 6801 Southern Blvd in West Palm Beach has been sold for a price of $8,250,000. The property covers an area of 6 acres, resulting in a price per acre of $1,375,000. The sale took place on 05/06/2022.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $8,250,000
- Address: 6801 Southern Blvd
- Market: West Palm Beach
- Acres: 6
- Price per Acre: $1,375,000
Jake Zebede and Andrew Smith purchased the property from Jack Casagrande. The brokers involved in the deal were Kirk Nelson and Robert Smith from CBRE.
Additional information about the property or the individuals involved in the transaction is not available.
On the Map
$8,250,000
Industrial
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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
1.92%
Cash-on-Cash
-0.55%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93