Updated Oct 29, 2024
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
About this deal
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
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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