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
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
1.08%
Cash-on-Cash
-0.31%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93