Thomas Morrison And Carlos Morrison Acquire Medical/Dental Property In West Palm Beach, FL For $7.3M
621 Clearwater Park Road, West Palm Beach, Florida 33401, United States
$7,300,000
$287/SF
Building Size
25,410 SF
Asset Type
Other
Closing
Mar 30, 2022
About this deal
AI
The medical/dental property located at 621 Clearwater Park Rd in West Palm Beach, FL was recently sold for $7,300,000. The property encompasses a total of 25,410 square feet, resulting in a price per square foot of $287. The transaction took place on March 31, 2022.
Summary of transaction details
- Property Type: Medical/Dental
- Transaction Amount: $7,300,000
- Address: 621 Clearwater Park Rd, West Palm Beach, FL
- Market: West Palm Beach, FL
Thomas Morrison and Carlos Morrison acted as the buyers in this transaction, while the sellers were American Cancer Society Florida Division Inc and American Cancer Society Inc.
Players
West Palm Beach Other Market Snapshot
Boundary boundary · Other · Sale transactions
Loading comparables…
Deal FAQ
Browse Florida other sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.17%
Cash-on-Cash
-0.62%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93