Updated Oct 29, 2024
Murray Dalfen Acquires Industrial Property In West Palm Beach For $25.3M
3774 Interstate Park Rd N, West Palm Beach, Fl 33404, Usa
$25,300,000
$123/SF
Building Size
204,900 SF
Asset Type
Industrial
Closing
Jul 21, 2020
About this deal
AI
3774 Interstate Park Road North in West Palm Beach has been sold for $25,300,000. The industrial property spans across 204,900 square feet, resulting in a price per square foot of $123. The seller, SSB Manufacturing Co. (Serta Simmons Bedding), completed the transaction with Murray Dalfen of Dalfen Industrial as the buyer.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $25,300,000
- Square Footage: 204,900
- Price per Square Foot: $123
- Seller: SSB Manufacturing Co. (Serta Simmons Bedding)
- Buyer: Murray Dalfen - Dalfen Industrial
Murray Dalfen, representing Dalfen Industrial, was the buyer in this transaction. The sale of 3774 Interstate Park Road North highlights the active industrial market in West Palm Beach. This deal signifies the continued growth and demand for industrial properties in the area.
Players
Riviera 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
0.63%
Cash-on-Cash
-0.18%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93