Daily limit: 0/10
Paul Leone Of The Breakers Acquires 2.4-Acre Development Site In West Palm Beach For $9.1M
SOLD
$9,100,000
Florida
See Similar DealsDevelopment Site
Sold
SOLD
Paul Leone Of The Breakers Acquires 2.4-Acre Development Site In West Palm Beach For $9.1M
2508 North Australian Avenue
See Similar DealsDevelopment Site
Sold
Summary
FLORIDA
Asset Type:Development Site
Transaction Type:Sale
A 2.4-acre development site located at 2410-2508 North Australian Avenue in West Palm Beach has been sold for $9.1 million. The asset is positioned within a strategic area and marks a significant transaction in the local market.
Summary of transaction details:
- Property Type: Development Site
- Transaction Amount: $9,100,000
- Buyer: Paul Leone - The Breakers
- Seller: City of West Palm Beach & VDG Partners Limited
- Market: West Palm Beach
- Number of Acres: 2.4
An affiliate of The Breakers Palm Beach, led by Paul Leone, acquired the site from the City of West Palm Beach and VDG Partners Limited. The acquired property will be combined with a nearby parcel to facilitate the development of an eight-story, 155-unit workforce housing project intended for Breakers employees.
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!
Similar News
No recent news available for this market
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 Listings
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)
$485,333.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$32,330.39
Cash-on-Cash Return-1.27%
Monthly Debt Service$43,138.64
Annual Debt Service$517,663.71
Is there something missing? Send suggestions