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319 Belvedere Road

Casey Klein Of Third Frontier Capital Acquires Retail Property In West Palm Beach For $11.4M
SOLDRetail

Casey Klein Of Third Frontier Capital Acquires Retail Property In West Palm Beach For $11.4M

319 Belvedere Road

$11,400,000

$760/SF

Building Size

15,000 SF

Asset Type

Retail

Closing

Apr 23, 2026

AI

The property asset involved in the transaction is a retail space located at 319 Belvedere Road in West Palm Beach. The sale price was $11,400,000, with a building size of 60,000 BSF, resulting in a price per BSF of $190. The retail space encompasses 15,000 square feet, leading to a price per square foot of $760.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: $11,400,000
  • Building Size: 60,000 BSF
  • Price per BSF: $190
  • Square Footage: 15,000 SF
  • Price per SF: $760
  • Buyer: Casey Klein - Third Frontier Capital
  • Seller: Robert Frisbie Jr. & Cody Crowell - The Frisbie Group
  • Broker: Jeffrey Karp - Latitude Property Group
  • Date of Transaction: 04/24/2026

The key individuals in the deal include Casey Klein representing Third Frontier Capital as the buyer. The seller, comprising Robert Frisbie Jr. and Cody Crowell, is associated with The Frisbie Group. Jeffrey Karp operated as the broker from Latitude Property Group, facilitating the transaction between the parties involved.

Players

Jeffrey Karp

Latitude Property Group

Broker

$302.7M

vol

10 deals

Broker

Cody Crowell

Seller

$65.3M

vol

4 deals

Seller

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

1.39%

Cash-on-Cash

-0.40%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93