Updated Oct 28, 2024
Letty Biggins & Joseph “Jay” Biggins Acquire Commercial Property In Palm Beach For $8.8M
353 Peruvian Avenue, Palm Beach, Florida 33480, United States
$8,800,000
$1,270/SF
Building Size
6,926 SF
Asset Type
Commercial
Closing
Feb 16, 2022
About this deal
AI
The property involved in this transaction is a commercial asset located at 353 Peruvian Avenue in Palm Beach. The property has a size of 0.3 acres. The transaction took place on February 17, 2022.
Summary of transaction details
- Property Type: Commercial
- Transaction Amount: $8,800,000
- Address: 353 Peruvian Avenue
- Market: Palm Beach
- Buyer: Letty Biggins - Style So Chic; Joseph “Jay” Biggins - MultiHousing.com
- Seller: Steve & Linda Horn Inc.
- Square Footage: 6,926
- Price per Square Foot: $1,271
Letty Biggins from Style So Chic and Joseph "Jay" Biggins from MultiHousing.com were the buyers in this transaction. The sellers were Steve & Linda Horn Inc. The property was sold for a total price of $8,800,000. The property has a square footage of 6,926, resulting in a price per square foot of $1,271.
Players
Palm Beach Commercial Market Snapshot
Boundary boundary · Commercial · Sale transactions
Loading comparables…
Deal FAQ
Browse Florida commercial sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.80%
Cash-on-Cash
-0.52%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93