JD BOLS Acquires Retail Property In North Palm Beach For $1.76M
210-212 U.S. Highway 1, North Palm Beach, FL, USA
$1,765,000
$271/SF
Building Size
6,500 SF
Asset Type
Retail
Closing
Mar 4, 2021
About this deal
AI
The retail property at 210-212 Us Highway 1 in North Palm Beach features a total square footage of 6,500 and was sold for a transaction amount of $1,765,000, resulting in a price per square foot of $272.
Summary of transation details:
- Property Type: Retail
- Transaction Amount: $1,765,000
- Address: 210-212 Us Highway 1
- Market: North Palm Beach
- Square Footage: 6,500
- Price per Square Foot: $272
- Buyer: JD BOLS
- Seller: Black Lion Investment Group - Robert Rivani
- Brokers: Chris Maling & David Maling - Avison Young
The transaction was facilitated by brokers Chris Maling and David Maling from Avison Young, representing the buyer JD BOLS and the seller Black Lion Investment Group, led by Robert Rivani.
On the Map
$1,765,000
$271/SF
Retail
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Players
North 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
8.99%
Cash-on-Cash
-2.57%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93