Jake Zebede & Andrew Smith Acquire Industrial Property On 6801 Southern Blvd, West Palm Beach For $8.25M
SOLD
$8,250,000
Florida
See Similar DealsIndustrial
Sold 05/06/2022
SOLD
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
See Similar DealsIndustrial
Sold 05/06/2022
Summary
FLORIDA
Asset Type:Industrial
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$439,999.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$29,310.51
Cash-on-Cash Return-1.27%
Monthly Debt Service$39,109.21
Annual Debt Service$469,310.51
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