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
$7,975,000
$1,210/SF
Building Size
6,591 SF
Asset Type
Mixed-use
Closing
May 16, 2021
AI
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.
Players
Palm Beach Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.99%
Cash-on-Cash
-0.57%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93