David Ide Purchases Industrial Property From Douglas Hillbrath For $6.4 Million In Lantana FL
SOLD
$6,400,000
Florida
See Similar DealsIndustrial47,400 SF
Sold 08/19/2025
SOLD
David Ide Purchases Industrial Property From Douglas Hillbrath For $6.4 Million In Lantana FL
719 Whitney Avenue
See Similar DealsIndustrial47,400 SF
Sold 08/19/2025
Summary
FLORIDA
Asset Type:Industrial
Price Per Square Foot:$135
Total Square Footage:47,400 SF
Transaction Type:Sale
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
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Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$341,333.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$22,737.86
Cash-on-Cash Return-1.27%
Monthly Debt Service$30,339.27
Annual Debt Service$364,071.18
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