Updated Oct 28, 2024
Planet Fitness Executives Sell Delray Beach Single Family Home For $10.5M
978 Gardenia Drive, Delray Beach, Florida 33483, United States
$10,500,000
$617/SF
Building Size
17,000 SF
Asset Type
Single Family Residence
Closing
Dec 15, 2021
About this deal
AI
A single-family home located at 978 Gardenia Drive in Delray Beach has been sold for $10,500,000. The property spans 17,000 square feet, resulting in a price per square foot of $618.
Summary of transaction details
- Property Type: Single Family
- Transaction Amount: $10,500,000
- Address: 978 Gardenia Drive, Delray Beach
- Market: Delray Beach
The seller of the property is Michelle Rondeau, along with Chris Rondeau, who is well-known as the CEO of Planet Fitness. The sale was facilitated by Courtney Fuhrmann from Waterfront Properties and Club Communities.
Delray Beach Single Family Residence Market Snapshot
Boundary boundary · Single Family Residence · Sale transactions
Loading comparables…
Deal FAQ
About $617 per square foot on a published $10.5M for 17,000 square feet (2021).
Visit Waterfront Properties and Club Communities to view all their deals.
Browse Florida single family residence sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.51%
Cash-on-Cash
-0.43%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93