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151 Worth Avenue, Palm Beac...

Jeffrey Camp Acquires Retail Property In Palm Beach For $78M
SOLDRetail

Jeffrey Camp Acquires Retail Property In Palm Beach For $78M

151 Worth Avenue, Palm Beach, Florida 33480, United States

$78,000,000

$1,605/SF

Building Size

48,578 SF

Asset Type

Retail

Closing

May 5, 2022

AI

The retail property located at 151 Worth Avenue in Palm Beach has been sold in a recent transaction. The property spans across 48,578 square feet and was sold for a total price of $78,000,000. This translates to a price per square foot of $1,606.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: $78,000,000
  • Address: 151 Worth Avenue, Palm Beach
  • Market: Palm Beach

The buyer of the property is Jeffrey Camp, while the seller is O’Connor Real Estate Advisors, represented by Bill O’Connor. The transaction highlights the involvement of key individuals and companies in the deal.

Players

Bill O’Connor

O’Connor Real Estate Advisors

Seller

$127.5M

vol

3 deals

Seller

Palm Beach Retail Market Snapshot

Boundary boundary · Retail · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.20%

Cash-on-Cash

-0.06%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93