Laconic Capital Advisors Closes Retail Deal In Palm Beach For $20.31M
$20,310,000
$270/SF
Building Size
75,000 SF
Asset Type
Retail
Closing
Mar 18, 2024
AI
The transaction involved a retail asset located in Palm Beach, FL. The property spans 75,000 square feet and was sold for a total price of $20,310,000, translating to a price per square foot of $271.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $20,310,000
- Square Footage: 75,000
- Price Per Square Foot: $271
- Buyer: Shannon Waltchack
- Seller: Mike Keith - Russell Properties Of Tequesta
- Broker: Jake Hayutin - Laconic Capital Advisors
- Date of Transaction: 03/18/2024
- Market: Palm Beach, FL
Jake Hayutin represents Laconic Capital Advisors, which recently closed this flagship deal in Palm Beach. For further inquiries, interested parties are encouraged to contact Jake directly at (813) 370-0953 or via email at [email protected].
Market Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.78%
Cash-on-Cash
-0.22%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93