Updated Oct 29, 2024
Woerners Holdings Acquires Commercial Property In Palm Beach For $14M
139 North County Road, Palm Beach, FL, USA
$14,000,000
$389/SF
Building Size
35,992 SF
Asset Type
Commercial
Closing
Mar 23, 2021
About this deal
AI
The commercial property located at 139 North County Road in Palm Beach has been sold. The transaction took place on March 24, 2021. The property was purchased by Woerners Holdings, represented by Lester Woerner and Trent Woerner. The seller of the property was Paramount Church, represented by Reverend Dwight Stevens. The sale price for the property was $14,000,000, and it spans a total area of 35,992 square feet. The price per square foot is $389.
Summary of transaction details
- Property Type: Commercial
- Transaction Amount: $14,000,000
- Address: 139 North County Road, Palm Beach
- Market: Palm Beach
- Buyer: Woerners Holdings - Lester Woerner & Trent Woerner
- Seller: Paramount Church - Rev. Dwight Stevens
- Square Footage: 35,992
- Price per Square Foot: $389
This transaction involved the purchase of the property by Woerners Holdings, with Lester Woerner and Trent Woerner representing the buyer. The seller of the property was Paramount Church, with Rev. Dwight Stevens acting as their representative. The property is located in Palm Beach and offers a total of 35,992 square feet of space. The sale price for the property was $14,000,000, resulting in a price per square foot of $389.
Players
Palm Beach Commercial Market Snapshot
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.13%
Cash-on-Cash
-0.32%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93