Alex Redfearn Of Redfearn Capital Sells Mixed-Use Building In Palm Beach For $18 Million
317 Peruvian Avenue
$18,000,000
$2,769/SF
Building Size
6,500 SF
Asset Type
Mixed-use
Closing
Aug 29, 2026
About this deal
AI
This transaction involves a mixed-use property asset located at 317 Peruvian Avenue in Palm Beach, FL, which was sold for $18,000,000. The property comprises 6,500 square feet and was previously acquired for $8.4 million one year ago. It features a Mediterranean Revival architectural style and is situated near Worth Avenue, with current tenants including Sotheby’s International Realty and Pizza Al Fresco.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $18,000,000
- Address: 317 Peruvian Avenue
- Market: Palm Beach, FL
- Seller: Alex Redfearn - Redfearn Capital
- Square Footage: 6,500
- Price Per Square Foot: $2,769
The sale was prompted by an unsolicited offer that Redfearn Capital could not refuse. This transaction reflects a significant appreciation in property value for Redfearn Capital within a year.
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
0.88%
Cash-on-Cash
-0.25%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93