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6801 Southern Boulevard, We...

Jake Zebede & Andrew Smith Acquire Industrial Property On 6801 Southern Blvd, West Palm Beach For $8.25M
SOLDIndustrial

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

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.

Players

Kirk Nelson

CBRE

Broker

$142.7M

vol

15 deals

Broker

Andrew Smith

Buyer

$15M

vol

4 deals

Buyer

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