Don R. Cook Acquires Retail Property In West Palm Beach For $6.1M
2600 Okeechobee Boulevard, West Palm Beach, Florida 33409, United States
$6,100,000
$277/SF
Building Size
21,967 SF
Asset Type
Retail
Closing
Jan 6, 2022
About this deal
AI
The retail property located at 2550 & 2600 Okeechobee Blvd in West Palm Beach, FL was recently sold. The transaction took place on January 7, 2022. The property spans a total of 21,967 square feet and was sold at a price of $6,100,000. The price per square foot for this transaction was $281.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $6,100,000
- Address: 2550 & 2600 Okeechobee Blvd, West Palm Beach, FL
- Market: West Palm Beach, FL
- Buyer: Don R. Cook
- Seller: Joseph H. Kirby III & Gretchen L. Schaefer
- Total Square Feet: 21,967
- Price per Square Foot: $281
Don R. Cook acted as the buyer in this transaction, while Joseph H. Kirby III and Gretchen L. Schaefer were the sellers. Both parties were represented by their respective brokers.
Players
West 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
2.60%
Cash-on-Cash
-0.74%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93