Robert Norton & Brian Burrough Acquire Clinic In West Palm Beach, FL For $2.5M
5800 Corporate Way, West Palm Beach, Florida 33407, United States
$2,500,000
$359/SF
Building Size
6,960 SF
Asset Type
Other
Closing
Dec 28, 2021
About this deal
AI
The clinic located at 5800 Corporate Way in West Palm Beach, FL has been sold in a transaction that took place on December 29, 2021. The property spans 6,960 square feet and was sold for a total price of $2,500,000. This translates to a price per square foot of $359.
Summary of transaction details:
- Property Type: Clinic
- Transaction Amount: $2,500,000
- Square Footage: 6,960
- Address: 5800 Corporate Way, West Palm Beach, FL
- Market: West Palm Beach, FL
The buyers of the property are Robert Norton and Brian Burrough, while the sellers are Lawrence Gorfine and Mary Kathleen Allgerier.
Players
West Palm Beach Other Market Snapshot
Boundary boundary · Other · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
6.35%
Cash-on-Cash
-1.81%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93