Ian Weiner Of PEBB Enterprises And Chad Gottsegen Of LRM Commercial Sell Industrial Property For $8.35M
West Atlantic Avenue
$8,349,875
$456/SF
Building Size
18,276 SF
Asset Type
Industrial
Closing
Aug 6, 2025
AI
The property asset involved in the transaction is an industrial space located at 8792-8794 West Atlantic Avenue in Delray Beach. The property was sold for a total price of $8,349,875. The asset comprises a total of 18,276 square feet, resulting in a price per square foot of $456.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $8,349,875
- Address: 8792-8794 West Atlantic Avenue
- Market: Delray Beach
- Square Footage: 18,276
- Price Per Square Foot: $456
- Seller: Ian Weiner - PEBB Enterprises; Jason Sher & Ross Feurring - Banyan Development
- Broker: Chad Gottsegen - LRM Commercial Real Estate Advisors
Chad Gottsegen represented both PEBB Enterprises and Banyan Development in this transaction. LRM Commercial Real Estate Advisors is a full-service brokerage dedicated to representing sellers, buyers, landlords, and tenants across all sectors of commercial real estate. Congratulations were extended to the select group of buyers who secured a unit in this deal.
Players
Delray 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
1.90%
Cash-on-Cash
-0.54%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93