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Robert Johnson Acquires $20M Single Family Property In Palm Beach Gardens
SOLD
$20,000,000
Florida
See Similar DealsSingle Family Residence13,569 SF
Sold 06/01/2023
SOLD
Robert Johnson Acquires $20M Single Family Property In Palm Beach Gardens
12236 Tillinghast Cir Palm Beach Gardens, FL 33418, USA
See Similar DealsSingle Family Residence13,569 SF
Sold 06/01/2023
Summary
FLORIDA
Asset Type:Single Family Residence
Price Per Square Foot:$1,473
Total Square Footage:13,569 SF
Transaction Type:Sale
Robert Johnson, BET Co-Founder, has purchased a single-family property located at 12236 Tillinghast Circle in Palm Beach Gardens. The property spans 13,569 square feet and was sold for $20,000,000, resulting in a price per square foot of $1,474.
Summary of transaction details
- Property Type: Single Family
- Transaction Amount: $20,000,000
- Address: 12236 Tillinghast Circle, Palm Beach Gardens
- Square Footage: 13,569
- Price per Square Foot: $1,474
The transaction was facilitated by Blair Kirwan of Brown Harris Stevens as the buyer's representative and Vincent Marotta of Illustrated Properties LLC as the seller's representative.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$1,066,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$71,055.77
Cash-on-Cash Return-1.27%
Monthly Debt Service$94,810.20
Annual Debt Service$1,137,722.44
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