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6035 Southern BLVD, West Pa...

Crown Castle USA Leases 6035 Southern Blvd West Palm Beach Industrial Property
LEASEDIndustrial

Crown Castle USA Leases 6035 Southern Blvd West Palm Beach Industrial Property

6035 Southern BLVD, West Palm Beac...

Building Size

51,840 SF

Asset Type

Industrial

Closing

Aug 28, 2018

AI

The property involved in this transaction is located at 6035 Southern Boulevard in West Palm Beach, within the Ambler market. It features an industrial asset type and comprises a total area of 51,840 square feet. The lease is part of Liberty Airport Center, a 70-acre master-planned park, and has achieved full occupancy following this latest deal.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: Not specified
  • Address: 6035 Southern Boulevard, West Palm Beach
  • Landlord: Liberty Property Trust
  • Landlord's Representative: Peter Sheridan - JLL
  • Tenant: Crown Castle USA
  • Tenant's Representative: Bob Schneiderman - Colliers International
  • Square Feet: 51,840

The lease agreement marks a significant step in the ongoing development at Liberty Airport Center, a project currently under construction, consisting of a total of 660,740 square feet. Liberty Property Trust, the developer, intends to complete the construction of the remaining three buildings within the next three years.

Players

Peter Sheridan

JLL

Broker

3 deals

Broker
LT
Liberty Property TrustLandlord

Ambler Industrial Market Snapshot

Boundary boundary · Industrial · Lease transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

5.80%

Cash-on-Cash

-1.66%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93