Daily limit: 0/10
CS Ventures Acquires Palm Beach Commercial Building For $18.3M
SOLD
$18,336,000
Florida
See Similar DealsCommercial20,000 SF
Sold 07/13/2023
SOLD
CS Ventures Acquires Palm Beach Commercial Building For $18.3M
375 South County Road
See Similar DealsCommercial20,000 SF
Sold 07/13/2023
Summary
FLORIDA
Asset Type:Commercial
Price Per Square Foot:$916
Total Square Footage:20,000 SF
Transaction Type:Sale
The Palm Beach building housing BrickTop's restaurant has been sold for over $18 million to CS Ventures. The property, located at 375 South County Road, is a commercial building with a total square footage of 20,000. The sale price amounts to $917 per square foot, reflecting the demand and value of the property in the Palm Beach market.
Summary of transaction details
- Property Type: Commercial
- Transaction Amount: $18,336,000
- Address: 375 South County Road
- Market: Palm Beach
CS Ventures, represented by Spencer Schlager and Charles L. Rosenberg, acquired the property from Mark Hunt. The transaction was facilitated by Zachary Baraf from The Stanwich Group, who served as CS Ventures' broker. As the new owners, CS Ventures plans to renovate the second-floor offices while retaining the existing ground-floor tenants, including BrickTop's.
Players
Details
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Similar Deals
Contact
Get in touch with the broker you want
Similar Buyers
Unlock All Profiles
Upgrade to Traded Pro for full access to every deal, profile & market insight.Unlimited deal views
Access investor profiles & contacts
Exclusive comps & market data
Go Pro
Similar Brokers
Search Address Tool
Enter any address to instantly view nearby comps, investors, brokers, lenders, and a visual map.NEW!
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$977,920.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$65,143.93
Cash-on-Cash Return-1.27%
Monthly Debt Service$86,921.99
Annual Debt Service$1,043,063.94
Is there something missing? Send suggestions