Deepak Khosa Acquires Development Site In Palm Beach Shores For $6.3M
320 Inlet Way
$6,275,000
$132/SF
Building Size
47,480 SF
Asset Type
Development Site
Closing
Feb 17, 2023
AI
The development site located at 320 Inlet Way in Palm Beach Shores has been sold for $6,275,000. Spanning 47,480 square feet, the property was purchased by Deepak Khosa from Therese Kehoe, who represented The Romaine Inc. in the transaction.
Summary of transation details
- Property Type: Development Site
- Transaction Amount: $6,275,000
- Address: 320 Inlet Way, Palm Beach Shores
- Square Footage: 47,480
- Buyer: Deepak Khosa
- Seller: Therese Kehoe - The Romaine Inc.
- Buyer's Representative: Albert Boyd - Talon Point Capital Partners
- Seller's Representatives: Michael Lewin, Sawyer Webb, and Adam Steinlauf - Katalyst Real Estate & Development
Albert Boyd from Talon Point Capital Partners acted as the buyer's representative in this deal, while Michael Lewin, Sawyer Webb, and Adam Steinlauf from Katalyst Real Estate & Development represented the seller. The price per square foot for the property stands at $132.
Players
Market Development Site Market Snapshot
Boundary boundary · Development Site · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.53%
Cash-on-Cash
-0.72%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93