Updated Sep 4, 2025
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
About this deal
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.
On the Map
$6,400,000
$135/SF
Industrial
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Players
Lantana 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
2.48%
Cash-on-Cash
-0.71%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93