Updated Feb 9, 2026
Fort Partners Acquires Development Site In West Palm Beach From Yrezabal Giancarlo And Andrew Reily For $100M
3901 South Flagler Drive
$100,000,000
Building Size
—
Asset Type
Development Site
Closing
Feb 1, 2026
About this deal
AI
This development site is located at 3901 South Flagler Drive in West Palm Beach. It was sold for a total of $100,000,000, representing a significant transaction in the local real estate market.
Summary of transaction details:
- Property Type: Development Site
- Transaction Amount: $100,000,000
- Buyer: Fort Partners
- Seller: Yrezabal Giancarlo, Andrew Reily & more
- Broker: Jessica Julian - Douglas Elliman
The transaction included key individuals such as Fort Partners as the buyer and Yrezabal Giancarlo and Andrew Reily as sellers. Jessica Julian of Douglas Elliman was the broker representing the sale.
On the Map
$100,000,000
Development Site
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Players
West 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
0.16%
Cash-on-Cash
-0.05%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93