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3774 Interstate Park Rd N, ...

Updated Oct 29, 2024

Murray Dalfen Acquires Industrial Property In West Palm Beach For $25.3M
SOLDIndustrial

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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Deal FAQ

About $123 per square foot on a published $25.3M for 204,900 square feet (2020).

Browse Riviera Beach industrial sales on Traded.

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

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