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
About this deal
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.
On the Map
$78,000,000
$1,605/SF
Retail
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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