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319 Belvedere Road, West Pa...

Premier Estate Properties Sells Retail Property In West Palm Beach For $6.75M With Buyer's Rep Suzanne Frisbie
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Premier Estate Properties Sells Retail Property In West Palm Beach For $6.75M With Buyer's Rep Suzanne Frisbie

319 Belvedere Road, West Palm Beach, Florida 33405, United States

$6,750,000

$447/SF

Building Size

15,074 SF

Asset Type

Retail

Closing

Feb 21, 2022

AI

Located at 319 Belvedere Rd in West Palm Beach, this retail property was recently sold in a closed transaction. The property spans approximately 15,074 square feet and was sold for a price of $6,750,000, resulting in a price per square foot of $448. The sale took place on 02/22/2022. The buyer was represented in the deal by Suzanne Frisbie from The Corcoran Group, while the seller was represented by Daniel Ekerold from Premier Estate Properties.

Summary of transation details

  • Property Type: Retail
  • Transaction Amount: $6,750,000
  • Square Footage: 15,074
  • Price per Square Foot: $448
  • Date: 02/22/2022
  • Address: 319 Belvedere Rd
  • Market: West Palm Beach

Suzanne Frisbie from The Corcoran Group represented the buyer in this transaction, while Daniel Ekerold from Premier Estate Properties represented the seller. Both parties played a crucial role in the successful completion of this sale.

Players

Suzanne Frisbie

The Corcoran Group

Broker

$1.4B

vol

47 deals

Broker

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

2.35%

Cash-on-Cash

-0.67%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93