SOLDOther
Sean Heyniger Acquires Freight Distribution Property In West Palm Beach For $2.5M
7110 Georgia Avenue, West Palm Beach, Florida 33405, United States
$2,500,000
$463/SF
Building Size
5,400 SF
Asset Type
Other
Closing
Aug 25, 2022
About this deal
AI
A freight distribution property located at 7110 Georgia Ave in West Palm Beach, FL was recently sold for $2,500,000. The property spans approximately 5,400 square feet, resulting in a price per square foot of $462.
Summary of transaction details
- Property Type: Freight Distribution
- Transaction Amount: $2,500,000
- Address: 7110 Georgia Ave, West Palm Beach, FL
- Market: West Palm Beach, FL
- Buyer: Sean Heyniger
- Seller: Jessica A Eagan
- SF: 5,400
- PPSF: $462
The buyer of the property is Sean Heyniger and the seller is Jessica A Eagan.
Players
West Palm Beach Other Market Snapshot
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
6.35%
Cash-on-Cash
-1.81%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93