Collett Capital Acquires Retail Property In West Palm Beach For $11.65M
4075 North Haverhill Road, West Palm Beach, FL, USA
$11,650,000
$156/SF
Building Size
74,495 SF
Asset Type
Retail
Closing
Mar 4, 1920
About this deal
AI
A retail property located at 4075 North Haverhill Road in West Palm Beach has been sold for $11,650,000. The property spans approximately 74,495 square feet, resulting in a price per square foot of $156.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $11,650,000
- Date: 03/05/2020
- Address: 4075 North Haverhill Road
- Market: West Palm Beach
- Buyer: CC Paradise Place (Collett Capital - Tyler Covington)
- Seller: Paradise Place Station LLC (Phillips Edison & Company - Jeff Edison)
- Square Footage: 74,495
- Price Per Square Foot: $156
- Image: Jeff Edison
The buyer of the property is CC Paradise Place, represented by Tyler Covington from Collett Capital. The seller, Paradise Place Station LLC, was represented by Jeff Edison from Phillips Edison & Company.
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
1.36%
Cash-on-Cash
-0.39%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93