Updated Oct 29, 2024
PulteGroup Acquires Development Site In Palm Beach Gardens For $13.7M
Avenir Dr, Palm Beach Gardens, FL, USA
$13,700,000
Building Size
—
Asset Type
Development Site
Closing
Mar 4, 2021
About this deal
AI
A development site in Palm Beach Gardens has been sold for $13,700,000. The property, located on Avenir Dr, consists of 98 lots with a price per lot of $139,796. The transaction took place on March 5, 2021.
Summary of transaction details
- Property Type: Development Site
- Transaction Amount: $13,700,000
- Address: Avenir Dr
- Market: Palm Beach Gardens
- Lots: 98
- Price Per Lot: $139,796
PulteGroup, represented by Brent Baker, acquired the property from Avenir Development LLC. Brent Baker acted as the buyer's representative in the deal.
On the Map
$13,700,000
Development Site
View full map
Players
West Palm Beach Development Site Market Snapshot
Boundary boundary · Development Site · Sale transactions
Loading comparables…
Deal FAQ
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.16%
Cash-on-Cash
-0.33%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93