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432 Nottingham Boulevard

Andrew Maxey & Brent Baker Of Pulte Homes Acquire Development Site In West Palm Beach For $8.82M
SOLDDevelopment Site

Andrew Maxey & Brent Baker Of Pulte Homes Acquire Development Site In West Palm Beach For $8.82M

432 Nottingham Boulevard

$28,000,000

$428/SF

Building Size

65,340 SF

Asset Type

Development Site

Closing

Apr 16, 2026

AI

The development site located at 432 Nottingham Boulevard in West Palm Beach has been sold for $8,820,000. The property encompasses 65,340 square feet, translating to a price per square foot of $135.

Summary of transaction details:

  • Property Type: Development Site
  • Transaction Amount: $8,820,000
  • Buyer: Andrew Maxey & Brent Baker - Pulte Homes
  • Seller: Thomas Frankel & Ryan Frankel - Frankel Enterprises; NDT Development
  • Seller's Representative: Bobby Dockerty - Berkadia

This transaction involves key individuals including Andrew Maxey and Brent Baker representing Pulte Homes, the buyer of the development site. The sellers, Thomas Frankel and Ryan Frankel, are affiliated with Frankel Enterprises and NDT Development, indicating a collaborative effort in the sale. The representation by Bobby Dockerty from Berkadia highlights the brokerage's role in facilitating the transaction.

Players

Bobby Dockerty

Berkadia

Broker

$244.6M

vol

5 deals

Broker
PH
Pulte HomesBuyer

Brent Baker

Pulte Homes

Buyer

$98.4M

vol

4 deals

Buyer
ND
NDT DevelopmentSeller

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

0.57%

Cash-on-Cash

-0.16%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93