Scott Snyder Sells Mixed-use Property In Palm Beach For $7.975M With Linda Olsson As The Broker
SOLD
$7,975,000
Florida
See Similar DealsMixed-use6,591 SF
Sold 05/17/2021
SOLD
Scott Snyder Sells Mixed-use Property In Palm Beach For $7.975M With Linda Olsson As The Broker
209 Phipps Plaza, Palm Beach, FL, USA
See Similar DealsMixed-use6,591 SF
Sold 05/17/2021
Summary
FLORIDA
Asset Type:Mixed-use
Price Per Square Foot:$1,210
Total Square Footage:6,591 SF
Transaction Type:Sale
The mixed-use property located at 209 Phipps Plaza in Palm Beach has been sold in a recent transaction. The property spans 6,591 square feet and was sold for a total price of $7,975,000, resulting in a price per square foot of $1,210.
Summary of transaction details
- Property Type: Mixed-use
- Transaction Amount: $7,975,000
- Address: 209 Phipps Plaza, Palm Beach
- Market: Palm Beach
- Seller: Scott Snyder
- Broker: Linda Olsson - Linda R. Olsson Inc.
The sale of this mixed-use property was facilitated by Linda Olsson from Linda R. Olsson Inc. Linda represented Scott Snyder as the seller in this transaction. This successful sale highlights the expertise and negotiation skills of Linda and further adds to her impressive track record in the Palm Beach market.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$425,333.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$28,333.50
Cash-on-Cash Return-1.27%
Monthly Debt Service$37,805.57
Annual Debt Service$453,666.82
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