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Tranquil Sunrise LLC & Calm Sunset LLC Acquire SFR In North Palm Beach For $48.2M

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SOLD
$48,200,000

Florida

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Single Family Residence23,176 SF
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SOLD

Tranquil Sunrise LLC & Calm Sunset LLC Acquire SFR In North Palm Beach For $48.2M

12520 Seminole Beach Road, North Palm Beach, FL, USA

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Single Family Residence23,176 SF
Sold
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Summary

FLORIDA
Asset Type:Single Family Residence
Price Per Square Foot:$2079
Total Square Footage:23176 SF
Transaction Type:Sale

The property involved in this transaction is a single-family residence located at 12520 Seminole Beach Road & 12395 Banyan Road in North Palm Beach. The sale took place on October 19, 2020.

Summary of transaction details

  • Property Type: Single-Family Residence
  • Transaction Amount: $48,200,000
  • Market: North Palm Beach

The buyer of the property is Tranquil Sunrise LLC & Calm Sunset LLC, while the seller is Russell Weiner.

Players

7 deals$194.7M volume
SELLER

7 deals$194.7M volume
SELLER

Details

SOLD
IMAGE: Russell Weiner⁠ DATE: 10/19/2020⁠ ADDRESS: 12520 Seminole Beach Road & 12395 Banyan Road⁠ MARKET: North Palm Beach⁠ ASSET TYPE: SFR⁠ BUYER: Tranquil Sunrise LLC & Calm Sunset LLC⁠ SELLER: Russell Weiner⁠ PRICE: $48,200,000

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$2,570,666.66

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$171,244.43
Cash-on-Cash Return-1.27%
Monthly Debt Service$228,492.59
Annual Debt Service$2,741,911.09