facebook
Traded Co logo
Submit

Ramrod LLC Acquires Palm Beach Single Family From Jim Clark - Netscape For $30.1M

Property Image
SOLD
$30,100,000
LM
JC

Florida

See Similar Deals
Single Family Residence17,972 SF
Sold 04/13/2021
the dealplayerscompscontact
Property Image
SOLD

Ramrod LLC Acquires Palm Beach Single Family From Jim Clark - Netscape For $30.1M

120 Jungle Road, Palm Beach, FL, USA

See Similar Deals
Single Family Residence17,972 SF
Sold 04/13/2021
LM
JC
the dealplayerscompscontact
Contact now

Summary

FLORIDA
Asset Type:Single Family Residence
Price Per Square Foot:$1,674
Total Square Footage:17,972 SF
Transaction Type:Sale

Ramrod LLC has purchased a single-family property in Palm Beach from Jim Clark, the founder of Netscape. The transaction was facilitated by Lawrence Moens of Lawrence A. Moens Associates.

Summary of transaction details:

  • Property Type: Single Family
  • Transaction Amount: $30,100,000
  • Square Footage: 17,972
  • Price Per Square Foot: $1,675

This significant sale took place on April 13, 2021, in the Palm Beach market. The property is notable for its expansive size, offering nearly 18,000 square feet of living space.

Ramrod LLC acted as the buyer in this transaction, acquiring the property from Jim Clark, the renowned entrepreneur behind Netscape. Represented by Lawrence Moens of Lawrence A. Moens Associates, the deal exemplifies the expertise and reputation of the involved parties.

Players

LM
Lawrence Moens
64 deals$2.4B volume(561) 655-5510
BROKER
JC
Jim Clark
2 deals$205.1M volume
SELLER

Details

SOLD
IMAGE: Jim Clark DATE: 04/13/2021 MARKET: Palm Beach ASSET TYPE: Single Family BUYER: Ramrod LLC SELLER: Jim Clark - Netscape BROKER: Lawrence Moens - Lawrence A. Moens Associates PRICE: $30,100,000 SF: 17,972 ~ PPSF: $1,675

Stay in the Know

Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.

By subscribing, you agree to our Terms of Service and Privacy Policy.

Similar Deals

Contact

Get in touch with the broker you want

Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$1,605,333.33

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$106,938.94
Cash-on-Cash Return-1.27%
Monthly Debt Service$142,689.36
Annual Debt Service$1,712,272.28