Updated Dec 26, 2025
Max Loria & David Richman Of STL Commercial Represent Buyer In West Palm Beach Industrial Sale For $13.3M
1307 Hill Avenue
$13,300,000
$206/SF
Building Size
64,316 SF
Asset Type
Industrial
Closing
Dec 21, 2025
About this deal
AI
The property asset involved in this transaction is an industrial facility located at 1307 Hill Avenue in the West Palm Beach market. The sale price for the property was $13,300,000, and it encompasses a total square footage of 64,316, translating to a price per square foot of $206.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $13,300,000
- Address: 1307 Hill Avenue
- Market: West Palm Beach
- Seller: Alan Fetter
- Buyer's Representative: Max Loria & David Richman - STL Commercial
- Square Footage: 64,316
- Price per Square Foot: $206
This transaction involved key individuals, including Alan Fetter as the seller. The buyer's representatives, Max Loria and David Richman, are affiliated with STL Commercial, which facilitated the completion of this deal.
On the Map
$13,300,000
$206/SF
Industrial
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Players
West Palm 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
1.19%
Cash-on-Cash
-0.34%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93