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JD BOLS Acquires Retail Property In North Palm Beach For $1.76M

Property Image
SOLD
$1,765,000
Christopher (Chris) Maling
Robert Rivani
+ 1

Florida

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Retail6,500 SF
Sold
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Property Image
SOLD

JD BOLS Acquires Retail Property In North Palm Beach For $1.76M

210-212 U.S. Highway 1, North Palm Beach, FL, USA

See Similar Deals
Retail6,500 SF
Sold
Christopher (Chris) Maling
Robert Rivani
+ 1
Contact now

Summary

FLORIDA
Asset Type:Retail
Price Per Square Foot:$271
Total Square Footage:6500 SF
Transaction Type:Sale

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:

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.

Players

David Maling
12 deals$98.6M volume
BROKER

Christopher (Chris) Maling
Avison Young
10 deals$79M volume
BROKER

Robert Rivani
Black Lion
46 deals$461M volume
SELLER

Details

SOLD
IMAGE: Robert Rivani DATE: 03/05/2021 ADDRESS: 210-212 Us Highway 1 MARKET: North Palm Beach ASSET TYPE: Retail BUYER: JD BOLS SELLER: Black Lion Investment Group - Robert Rivani @rrblacklion BROKERS: Chris Maling & David Maling - Avison Young SALE PRICE: $1,765,000 SF: 6,500 ~ PPSF: $272

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$94,133.33

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$6,270.68
Cash-on-Cash Return-1.27%
Monthly Debt Service$8,367.00
Annual Debt Service$100,404.01