Icon Realty Capital Acquires Condo In Palm Beach For $25.16M
150-206 Inlet Way, Palm Beach Shores, Palm Beach, FL, USA
$25,160,000
$6,070/SF
Building Size
4,145 SF
Asset Type
—
Closing
Aug 12, 2021
About this deal
AI
The property involved in this closed transaction is a condo located at 150-206 Inlet Way in Palm Beach. The asset is owned by Icon Realty Capital, represented by Anthony Shafer. The transaction was facilitated by Construction Loan Services II.
Summary of transaction details
- Property Type: Condo
- Transaction Amount: $25,160,000
- Address: 150-206 Inlet Way, Palm Beach
- Market: Palm Beach
- Landlord: Icon Realty Capital - Anthony Shafer
- Broker: Construction Loan Services II
The loan amount for this transaction is $25,160,000.
The commercial loan at 150-206 Inlet Way, Palm Beach Shores, Palm Beach, FL, USA in Palm Beach Shores, Florida financed for $25.2M in 2021. The building is 4,145 square feet, implying about 6.1K per square foot on the published price. Named participants on the 150-206 Inlet Way, Palm Beach Shores, Palm Beach, FL, USA loan are Anthony Shafer. This page is the Palm Beach Shores, Florida file for the 150-206 Inlet Way, Palm Beach Shores, Palm Beach, FL, USA commercial financed: pricing, party profiles, and other closed commercial comps from the same Palm Beach Shores sit in the Market section below. Filter that Palm Beach Shores commercial set by closing date to see what else financed near 150-206 Inlet Way, Palm Beach Shores, Palm Beach, FL, USA around 2021. Published consideration for 150-206 Inlet Way, Palm Beach Shores, Palm Beach, FL, USA is $25.2M, dated 2021. Cite this Icon Realty Capital Acquires Condo In Palm Beach For $25.16M loan when underwriting similar commercial product around Palm Beach Shores, Florida.
Players
Palm Beach Shores CRE Market Snapshot
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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