facebook

traded

+ Submit
Home

/

Deals

/

Florida

/

Industrial

/

Sale

/

719 Whitney Avenue

David Ide Purchases Industrial Property From Douglas Hillbrath For $6.4 Million In Lantana FL
SOLDIndustrial

David Ide Purchases Industrial Property From Douglas Hillbrath For $6.4 Million In Lantana FL

719 Whitney Avenue

$6,400,000

$135/SF

Building Size

47,400 SF

Asset Type

Industrial

Closing

Aug 19, 2025

AI

The asset involved in this transaction is an industrial property located at 715-719 Whitney Ave & 860 N 8th St, situated in Lantana, FL. The sale price was $6,400,000, with a total square footage of 47,400, which equates to a price per square foot of $135.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: $6,400,000
  • Address: 715-719 Whitney Ave & 860 N 8th St
  • Market: Lantana, FL
  • Square Footage: 47,400
  • Price Per Square Foot: $135
  • Buyer: David Ide
  • Seller: Douglas Hillbrath
  • Brokers: Tony Anthony, Harrison Auerbach & Michael Buonadonna - Matthews Real Estate Investment Services

David Ide is the buyer of the industrial property, while Douglas Hillbrath is the seller. The transaction was facilitated by brokers Tony Anthony, Harrison Auerbach, and Michael Buonadonna from Matthews Real Estate Investment Services, representing both parties in this deal.

Players

Harrison Auerbach

Matthews

Broker

$37M

vol

9 deals

Broker
Matthews
Matthews Brokerage

Lantana Industrial Market Snapshot

Boundary boundary · Industrial · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

2.48%

Cash-on-Cash

-0.71%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93