Alex Redfearn Acquires Industrial Property In Riviera Beach For $3.2M
8330 Currency Drive
$3,200,000
$181/SF
Building Size
17,680 SF
Asset Type
Industrial
Closing
Sep 14, 2023
AI
The industrial property located at 8330 Currency Drive in Riviera Beach has been sold for a price of $3,200,000. Spanning across a total area of 17,680 square feet, the property was sold at a rate of $181 per square foot.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $3,200,000
- Address: 8330 Currency Drive, Riviera Beach
- Market: Riviera Beach
- Buyer: Alex Redfearn
- Seller: Mort Fishman
- Brokers: Zach Levine & Douglas Mandel - Marcus & Millichap
The key individuals involved in this transaction include Alex Redfearn as the buyer and Mort Fishman as the seller. The deal was facilitated by brokers Zach Levine and Douglas Mandel from Marcus & Millichap.
Players
Market 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
4.96%
Cash-on-Cash
-1.42%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93