Updated Sep 5, 2024
Christian Angle Real Estate Acquires Development Site In Palm Beach For $11.975M
1332 N Ocean Blvd, Palm Beach, FL 33480, USA
$11,975,000
$520/SF
Building Size
23,000 SF
Asset Type
Development Site
Closing
Jul 16, 2020
About this deal
AI
The development site located at 1332 North Ocean Boulevard in Palm Beach has been sold for a price of $11,975,000. The property has a building square footage of 23,000 and a price per building square footage of $520.
Summary of transaction details
- Property Type: Development Site
- Transaction Amount: $11,975,000
- Building Square Footage: 23,000
- Price per Building Square Footage: $520
- Address: 1332 North Ocean Boulevard, Palm Beach
- Market: Palm Beach
The buyer's representative for this transaction is Christian Angle from Christian Angle Real Estate. On the other hand, the seller's representatives are Linda Gary from Linda A. Gary Real Estate and Geoffrey Darnell from Brown Harris Stevens.
Players
Palm Beach Development Site Market Snapshot
Boundary boundary · Development Site · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.32%
Cash-on-Cash
-0.38%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93