Changing Place Preschool Iii Inc Acquires School In Royal Palm Beach For $3.6M
8289 Okeechobee Blvd, Royal Palm Beach, FL, USA
$3,600,000
$359/SF
Building Size
10,011 SF
Asset Type
Other
Closing
Mar 30, 2021
About this deal
AI
An elementary school located at 8289 Okeechobee Blvd in Royal Palm Beach has been sold for $3,600,000. The property spans 10,011 square feet, resulting in a price per square foot of $360. The school was acquired by Changing Place Preschool Iii Inc from the seller Mattisyn School LLC.
Summary of transaction details
- Property Type: School
- Transaction Amount: $3,600,000
- Address: 8289 Okeechobee Blvd
- Market: Royal Palm Beach
- Buyer: Changing Place Preschool Iii Inc
- Seller: Mattisyn School LLC
- Square Footage: 10,011
- Price per Square Foot: $360
The acquisition of the elementary school was completed on the specified date. Changing Place Preschool Iii Inc acted as the buyer, while Mattisyn School LLC represented the seller in the transaction.
Players
West Palm Beach Other Market Snapshot
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
4.41%
Cash-on-Cash
-1.26%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93