The Hangar Bravo LLC Acquires 12-acre Land In West Palm Beach For $12M
1050 North Congress Avenue, West Palm Beach, Florida 33409, United States
$12,000,000
$11,650/SF
Building Size
1,030 SF
Asset Type
—
Closing
Jan 3, 2022
About this deal
AI
The 12-acre land located at 1050 N Congress Avenue in West Palm Beach has been sold for a price of $12,000,000. The transaction took place between the buyer, The Hangar Bravo LLC represented by Maria Cunningham, and the seller, Investment Corp represented by Patrick J. Rooney Jr.
Summary of transaction details
- Property Type: Land
- Transaction Amount: $12,000,000
- Address: 1050 N Congress Avenue
- Market: West Palm Beach
Maria Cunningham, of The Hangar Bravo LLC, acted as the buyer's representative in the deal, while Patrick J. Rooney Jr. represented Investment Corp as the seller's representative.
On the Map
$12,000,000
$11,650/SF
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Players
West Palm Beach CRE Market Snapshot
Boundary boundary · CRE · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.32%
Cash-on-Cash
-0.38%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93