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4200 North Flagler Drive

Integra Investments Purchases 15-Acre Marina In West Palm Beach From Huizenga Holdings For $72.4M
SOLDMarina

Integra Investments Purchases 15-Acre Marina In West Palm Beach From Huizenga Holdings For $72.4M

4200 North Flagler Drive

$72,400,000

Building Size

Asset Type

Marina

Closing

Jul 21, 2026

AI

The transaction involved the acquisition of a 15-acre marina located at 4200 North Flagler Drive in West Palm Beach, FL. The marina was purchased for $72.4 million. The asset will support a planned mixed-use redevelopment project, which includes 660 condominium units, retail, office, restaurant, and marina-related space across a 2.6 million-square-foot waterfront development.

Summary of transaction details:

  • Property Type: Marina
  • Transaction Amount: $72,400,000
  • Buyer: Paulo Tavares de Melo, Nelson Stabile & Victor Ballestas - Integra Investments
  • Seller: H. Wayne Huizenga Jr. - Huizenga Holdings
  • Loan Amount: $75 million floating-rate loan from Upland Debt Lender
  • Market: West Palm Beach, FL
  • Acres: 15

The deal involved representatives from both parties, with Paulo Tavares de Melo, Nelson Stabile, and Victor Ballestas directly involved as buyers for Integra Investments, while H. Wayne Huizenga Jr. represented Huizenga Holdings as the seller in this transaction.

Players

H Wayne Huizenga Jr

Huizenga Holdings

Broker

$76.3M

vol

2 deals

Broker

Victor Ballestas

Integra Investments

Buyer

$370.9M

vol

5 deals

Buyer
HH
Huizenga HoldingsBuyer

H Wayne Huizenga Jr

Huizenga Holdings

Seller

$76.3M

vol

2 deals

Seller

West Palm Beach Marina Market Snapshot

Boundary boundary · Marina · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.22%

Cash-on-Cash

-0.06%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93