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
About this deal
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