Eric M. Levitt Of EML Realty Partners Acquires Industrial Property In Boynton Beach For $3.58M
8245 State Road 7
$3,580,000
$206/SF
Building Size
17,303 SF
Asset Type
Industrial
Closing
Oct 19, 2025
AI
The industrial property located at 8245 South State Road 7 in Boynton Beach was sold for $3,580,000. The facility encompasses 17,303 square feet and is fully leased to SRS Distribution/Heritage Supply Group. Situated on five acres, it presents value-add potential as the lease is set to reset to market rent in three years.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $3,580,000
- Square Footage: 17,303
- Address: 8245 South State Road 7
- Market: Boynton Beach
- Price Per Square Foot: $207
- Buyer: Eric M. Levitt
- Buying Entity: EML Realty Partners
Eric M. Levitt, representing EML Realty Partners, facilitated the purchase of the property. The transaction highlights the interest in industrial real estate within the Boynton Beach market.
Boynton 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
4.43%
Cash-on-Cash
-1.27%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93