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
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