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Palm Beach, FL, USA

Beth Sankey And James Sankey Acquire Land In Palm Beach For $14.75M
SOLD

Beth Sankey And James Sankey Acquire Land In Palm Beach For $14.75M

Palm Beach, FL, USA

$14,750,000

$1,475/SF

Building Size

10,000 SF

Asset Type

Closing

Aug 19, 2021

AI

Beth Sankey and James Sankey of InVue have acquired a land asset in Palm Beach. The property, sold by BGS Development, was represented by Branden G. Smith. The transaction, facilitated by James Kenny of K2 Realty, Inc. (NPB), was successfully closed with the assistance of Chris Deitz from William Raveis South Florida. The sale price for the land was $14,750,000, with a building square footage (BSF) of 10,000, resulting in a price per building square footage (PPBSF) of $1,475.

Summary of transaction details:

  • Property Type: Land
  • Transaction Amount: $14,750,000
  • Buyer: Beth Sankey; James Sankey - InVue
  • Seller: BGS Development - Branden G. Smith
  • Buyer's Representative: James Kenny - K2 Realty, Inc. (NPB)
  • Seller's Representative: Chris Deitz - William Raveis South Florida

The acquisition of the Palm Beach land asset was completed by Beth Sankey and James Sankey of InVue. They were represented by their buyer's representative, James Kenny from K2 Realty, Inc. (NPB). The sale transaction was successfully facilitated by Seller's Representative, Chris Deitz, from William Raveis South Florida. The transaction involved a sale price of $14,750,000 for the land, which had a building square footage of 10,000. It resulted in a price per building square footage of $1,475.

Players

James Kenny

K2 Realty

Broker

$216.8M

vol

13 deals

Broker

Palm Beach CRE Market Snapshot

Boundary boundary · CRE · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

1.08%

Cash-on-Cash

-0.31%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93