Updated Jul 8, 2025
David Kaufman And Jason Gessner Acquire Industrial Asset In Boynton Beach From Nancy Legault
1200 West Industrial Avenue
Building Size
32,500 SF
Asset Type
Industrial
Closing
Jun 24, 2025
About this deal
AI
The property involved in the transaction is a fully leased small-bay industrial and outdoor-storage asset located at 1200 West Industrial Avenue, Boynton Beach. The asset spans 32,500 square feet and sits on four acres in a dense, high-barrier South Florida market.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: Not specified
- Address: 1200 West Industrial Avenue
- Market: Boynton Beach
- Square Footage: 32,500
- Buyer: David Kaufman & Jason Gessner
- Seller: Nancy Legault
David Kaufman and Jason Gessner, representing BH Parkave, have completed this last-mile acquisition. They expressed intentions to pursue additional value opportunities in infill markets across the United States and noted the property's contribution to delivering stable, value-first returns.
On the Map
Industrial
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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
2.37%
Cash-on-Cash
-0.68%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93