Bruno Miceli & Can Kosem Acquire Automotive Property In North Palm Beach For $4.25M
707 Northlake Boulevard, North Palm Beach, Florida 33408, United States
$4,250,000
$1,292/SF
Building Size
3,289 SF
Asset Type
Other
Closing
Jan 31, 2022
About this deal
AI
Located at 707 Northlake Blvd in North Palm Beach, FL, this automotive property was sold on January 31, 2022. The property spans 3,289 square feet and was sold for a price of $4,250,000, resulting in a price per square foot of $1,292.
Summary of transaction details
- Property Type: Automotive
- Transaction Amount: $4,250,000
- Address: 707 Northlake Blvd, North Palm Beach, FL
- Market: North Palm Beach, FL
- Buyer: Bruno Miceli & Can Kosem
- Seller: Darrell Peterson
- Square Footage: 3,289
- Price per Square Foot: $1,292
Bruno Miceli & Can Kosem were the buyers in this transaction, while Darrell Peterson served as the seller's representative.
Players
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
3.73%
Cash-on-Cash
-1.07%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93