JD BOLS Acquires Retail Property In North Palm Beach For $1.76M
SOLD
Florida
See Similar DealsRetail6,500 SF
Sold
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 DealsRetail6,500 SF
Sold
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:
- 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.
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Deal Type
30 years
10 years
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
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