13th Floor Investments Acquires Mixed-Use & Development Site In West Palm Beach For $26.1M
415 South Dixie Highway, West Palm Beach, FL, USA
$26,100,000
Building Size
—
Asset Type
Mixed-use
Closing
Sep 15, 2021
About this deal
AI
415, 417 & 421 South Dixie Highway, 419 & 435 Gardenia Street, 418 & 464 Fern Street, and 401 South Dixie Highway in West Palm Beach have been sold in a recent transaction. The mixed-use and development site spans across approximately 3 acres. The sale took place on September 15, 2021.
Summary of transaction details:
- Property Type: Mixed-use & Development Site
- Transaction Amount: $26,100,000
- Buyer: 13th Floor Investments - Arnaud Karsenti
- Seller: Bright Blu & Jupiter Realty Company
- Date: 09/15/2021
- Market: West Palm Beach
The buyer, Arnaud Karsenti of 13th Floor Investments, was represented in the deal. Meanwhile, Bright Blu & Jupiter Realty Company served as the seller in this transaction.
West 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
0.61%
Cash-on-Cash
-0.17%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93