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Ian Weiner Of PEBB Enterprises And Chad Gottsegen Of LRM Commercial Sell Industrial Property For $8.35M

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SOLD
$8,349,875

Florida

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Industrial18,276 SF
Sold 08/07/2025
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Property Image
SOLD

Ian Weiner Of PEBB Enterprises And Chad Gottsegen Of LRM Commercial Sell Industrial Property For $8.35M

West Atlantic Avenue

See Similar Deals
Industrial18,276 SF
Sold 08/07/2025
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Summary

FLORIDA
Asset Type:Industrial
Price Per Square Foot:$456
Total Square Footage:18,276 SF
Transaction Type:Sale

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

Chad Gottsegen
8 deals$28.8M volume(561) 400-7750
BROKER

LRM CREA
BROKERAGE

Ian Weiner
PEBB Enterprises
23 deals$392.6M volume
SELLER




Details

SOLD
IMAGE: Ross Feurring, Chad Gottsegen, Jason Sher & Ian Weiner DATE: 08/07/2025 ADDRESS: 8792-8794 West Atlantic Avenue MARKET: Delray Beach ASSET TYPE: Industrial SELLER: Ian Weiner - PEBB Enterprises; Jason Sher & Ross Feurring - Banyan Development BROKER: Chad Gottsegen (@ChadGotts) - LRM Commercial Real Estate Advisors (@LRMAdvisors) SALE PRICE: $8,349,875 SF: 18,276 ~ PPSF: $456 NOTE FROM BROKER: It was a pleasure to represent PEBB and Banyan in the sale of this development in Delray Beach. We extend our congratulations to the select group of buyers who secured a unit. 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.

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$445,326.67

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$29,665.33
Cash-on-Cash Return-1.27%
Monthly Debt Service$39,582.67
Annual Debt Service$474,992.01