Updated Feb 24, 2025
CS Ventures Acquires Palm Beach Commercial Building For $18.3M
375 South County Road
$18,336,000
$916/SF
Building Size
20,000 SF
Asset Type
Commercial
Closing
Jul 13, 2023
About this deal
AI
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.
On the Map
$18,336,000
$916/SF
Commercial
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Players
Miami Commercial Market Snapshot
Boundary boundary · Commercial · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.87%
Cash-on-Cash
-0.25%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93