Todd Michael Glaser Sells Palm Beach Land To David Skok Of Matrix Partners For $25.8M
360 El Brillo Way, Palm Beach, FL, USA
$25,800,000
$3,070/SF
Building Size
8,404 SF
Asset Type
—
Closing
Sep 30, 2021
About this deal
AI
360 El Brillo Way, located in Palm Beach, has been sold in a recent transaction for a price of $25,800,000. The property, which consists of land, was purchased by David Skok of Matrix Partners from Todd Michael Glaser.
Summary of transaction details
- Property Type: Land
- Transaction Amount: $25,800,000
- Market: Palm Beach
David Skok, representing Matrix Partners, acquired the property located at 360 El Brillo Way. The seller in this transaction was Todd Michael Glaser.
The commercial sale at 360 El Brillo Way, Palm Beach, FL, USA in Palm Beach, Florida sold for $25.8M in 2021. The building is 8,404 square feet, implying about 3.1K per square foot on the published price. Named participants on the 360 El Brillo Way, Palm Beach, FL, USA sale are Todd Michael Glaser. This page is the Palm Beach, Florida file for the 360 El Brillo Way, Palm Beach, FL, USA commercial sold: pricing, party profiles, and other closed commercial comps from the same Palm Beach sit in the Market section below. Filter that Palm Beach commercial set by closing date to see what else sold near 360 El Brillo Way, Palm Beach, FL, USA around 2021. Published consideration for 360 El Brillo Way, Palm Beach, FL, USA is $25.8M, dated 2021. Cite this Todd Michael Glaser Sells Palm Beach Land To David Skok Of Matrix Partners For $25.8M sale when underwriting similar commercial product around Palm Beach, Florida.
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.61%
Cash-on-Cash
-0.18%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93