Delroy Blake & Shernett Thompson Acquire Retail Property In West Palm Beach For $5.3M
3111 45th St, West Palm Beach, FL, USA
$5,300,000
$218/SF
Building Size
24,289 SF
Asset Type
Retail
Closing
May 19, 2021
About this deal
AI
The retail property located at 3111 45th St in West Palm Beach has been sold for a price of $5,300,000. The property spans a total of 24,289 square feet, resulting in a price per square foot of $218. The transaction took place on 05/20/2021.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $5,300,000
- Square Footage: 24,289
- Price per Square Foot: $218
- Address: 3111 45th St, West Palm Beach
- Market: West Palm Beach
The buyers of the property are Delroy Blake & Shernett Thompson. On the other hand, Paul L. Maddock Jr. is the seller. The deal was facilitated by their respective representatives from their agencies.
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
2.99%
Cash-on-Cash
-0.86%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93