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209 Phipps Plaza, Palm Beac...

Scott Snyder Sells Mixed-use Property In Palm Beach For $7.975M With Linda Olsson As The Broker
SOLDMixed-use

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

Linda Olsson

Linda R. Olsson

Broker

$131.1M

vol

10 deals

Broker

Palm Beach 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

1.99%

Cash-on-Cash

-0.57%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93