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West Atlantic Avenue

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

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

Chad Gottsegen

LRM CREA

Broker

$28.8M

vol

8 deals

Broker
LRM CREA
LRM CREABrokerage
Ian Weiner

Ian Weiner

PEBB Enterprises

Seller

$392.6M

vol

23 deals

Seller

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