Frisbie Group Acquires Mixed-use Property In Palm Beach For $26M
180 Royal Palm Way & 180 Royal Palm Way, Palm Beach, FL, USA
$26,000,000
$684/SF
Building Size
19,000 SF
Asset Type
Mixed-use
Closing
Jan 3, 2021
About this deal
AI
The mixed-use property located at 180 Royal Palm Way, 301 S. County Road, and 159 Brazilian Avenue in Palm Beach has been sold for a price of $26,000,000. The transaction took place on January 4, 2021. The property is situated in a prime location in Palm Beach.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $26,000,000
- Address: 180 Royal Palm Way, 301 S. County Road & 159 Brazilian Avenue
- Market: Palm Beach
The buyer of the property is the Frisbie Group, represented by Cody Crowell. The seller in this transaction is PEMS Partnership Ltd. The deal was facilitated by Gary Gottlieb of Avison Young.
On the Map
$26,000,000
$684/SF
Mixed-use
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Players
Boca Raton Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.61%
Cash-on-Cash
-0.17%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93