Updated Oct 28, 2024
DG Palm Beach Airport Property Owner LP Acquires Multifamily In West Palm Beach For $12M
2886 Ranch House Rd, West Palm Beach, FL, USA
$12,000,000
$12,269/SF
Building Size
978 SF
Asset Type
MultiFamily
Closing
Sep 14, 2021
About this deal
AI
The multifamily property located at 2886 Ranch House Rd in West Palm Beach was sold on September 15, 2021. The property was acquired by DG Palm Beach Airport Property Owner LP for a total sale price of $12,000,000.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $12,000,000
- Address: 2886 Ranch House Rd, West Palm Beach
The buyer, DG Palm Beach Airport Property Owner LP, purchased the property from the sellers, David C. Saunders and Robert Bishop. No additional information regarding the parties involved in the transaction was provided.
On the Map
$12,000,000
$12,269/SF
MultiFamily
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Players
West Palm Beach MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.32%
Cash-on-Cash
-0.38%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93