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139 North County Road, Palm...

Updated Oct 29, 2024

Woerners Holdings Acquires Commercial Property In Palm Beach For $14M
SOLDCommercial

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

Boundary boundary · Commercial · Sale transactions

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Deal FAQ

About $389 per square foot on a published $14M for 35,992 square feet (2021).

Browse Florida commercial sales on Traded.

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

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