Stefano Santoro & Fran Frisbie Facilitate Sale Of Retail Building In Palm Beach
175 Bradley Place
$3,900,000
$1,818/SF
Building Size
2,145 SF
Asset Type
Retail
Closing
Apr 29, 2024
About this deal
AI
The commercial building located at 175 Bradley Place in Palm Beach was sold for $3.9 million. Spanning 2,145 square feet, the property was previously the headquarters of Todd Michael Glaser's development firm. The transaction took place at a price of $1,818 per square foot.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $3,900,000
- Address: 175 Bradley Place, Palm Beach
- Market: Palm Beach
- Seller: Todd Michael Glaser
- Buyer's Rep: Stefano Santoro - Disruptive Real Estate
- Seller's Rep: Fran Frisbie - The Corcoran Group
Stefano Santoro of Disruptive Real Estate, along with Fran Frisbie of The Corcoran Group, facilitated the transaction of the commercial building. This sale marks one of the eight retail trades in Palm Beach during the initial four months of 2024, with notable acquisitions attributed to the Breakers.
On the Map
$3,900,000
$1,818/SF
Retail
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Players
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
4.07%
Cash-on-Cash
-1.16%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93