Jim Finck Acquires Flex Building In Riviera Beach For $3.75M With Seller's Reps Max Loria & David Richman
6588 North Military Trail
$3,748,000
$194/SF
Building Size
19,270 SF
Asset Type
Mixed-use
Closing
Aug 27, 2025
AI
The property involved in this transaction is a flex building located at 6588 North Military Trail in Riviera Beach. The sale price was $3,748,000, and the asset has a total area of 19,270 square feet, equating to a price per square foot of $194.
Summary of transaction details:
- Property Type: Flex Building
- Transaction Amount: $3,748,000
- Address: 6588 North Military Trail
- Market: Riviera Beach
- Square Footage: 19,270
- Price Per Square Foot: $194
- Buyer: Jim Finck
- Seller's Representative: Max Loria & David Richman - STL Commercial
The individuals involved in this deal include Jim Finck, who acted as the buyer, and the seller's representatives, Max Loria and David Richman from STL Commercial. Their role was critical in the transaction process, facilitating the connection between the buyer and seller.
Players
West Palm Beach Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
4.23%
Cash-on-Cash
-1.21%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93