Yellowbird International Acquires Retail Property In Royal Palm Beach For $10M
200-650 Royal Palm Beach Blvd, Royal Palm Beach, FL, USA
$10,000,000
$103/SF
Building Size
97,000 SF
Asset Type
Retail
Closing
May 17, 2021
About this deal
AI
Yellowbird International has recently acquired a retail property located at 200-650 Royal Palm Beach Blvd in Royal Palm Beach. The property, which spans 97,000 square feet, was sold for a total of $10,000,000. The transaction took place on May 18, 2021, with the buyer being represented by Douglas Mandel & Elon Gerberg. The seller in this deal was the Royal Palm Beach Shopping Plaza & Medical Center.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $10,000,000
- Address: 200-650 Royal Palm Beach Blvd
- Market: Royal Palm Beach
- Buyer: Yellowbird International
- Seller: Royal Palm Beach Shopping Plaza & Medical Center
- Brokers: Elon Gerberg & Douglas Mandel
- Square Footage: 97,000
- Price Per Square Foot: $103
The sale of this retail property signifies a successful transaction for both parties involved. Yellowbird International, represented by Douglas Mandel & Elon Gerberg, was able to secure the property in Royal Palm Beach. The Royal Palm Beach Shopping Plaza & Medical Center acted as the seller in this deal. With a total sale price of $10,000,000 and a price per square foot of $103, this transaction highlights the value of this retail asset in the market.
Players
Royal 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
1.59%
Cash-on-Cash
-0.45%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93