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
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