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John Rost's Fiesta Auto Insurance Acquires Single-Family Home In West Palm Beach For $10.2M

Property Image
SOLD
$10,200,000
Hilary Musser
Ashley McIntosh
+ 2

Florida

See Similar Deals
Single Family Residence20,414 SF
Sold 07/08/2020
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Property Image
SOLD

John Rost's Fiesta Auto Insurance Acquires Single-Family Home In West Palm Beach For $10.2M

West Palm Beach, FL, USA

See Similar Deals
Single Family Residence20,414 SF
Sold 07/08/2020
Hilary Musser
Ashley McIntosh
+ 2
Contact now

Summary

FLORIDA
Asset Type:Single Family Residence
Price Per Square Foot:$499
Total Square Footage:20,414 SF
Transaction Type:Sale

A single-family property located in West Palm Beach was recently sold for $10,200,000. The property spans approximately 9,582 square feet, resulting in a price per square foot of $1,064. The transaction took place on 07/08/2021.

Summary of transaction details:

  • Property Type: Single-Family
  • Transaction Amount: $10,200,000
  • Market: West Palm Beach
  • Buyer: John Rost - Fiesta Auto Insurance
  • Seller: Freda L. Sanderson
  • Buyer's Representative: Scott Diamond
  • Seller's Representative: Ashley McIntosh - Douglas Elliman
  • Square Footage: 9,582
  • Price Per Square Foot: $1,064

John Rost, from Fiesta Auto Insurance, purchased the property from the seller, Freda L. Sanderson. The buyer was represented by Scott Diamond, while Ashley McIntosh from Douglas Elliman served as the seller's representative in the transaction.

Players

Ashley McIntosh
24 deals$570.8M volume(561) 685-0861
BROKER


Hilary Musser
2 deals$31.2M volume
BROKER

Peter Ancona
2 deals$18.1M volume
BROKER

2 deals$17.5M volume
BUYER

Details

SOLD
IMAGE: Ashley McIntosh & John Rost DATE: 07/08/2021 MARKET: West Palm Beach ASSET TYPE: Single-Family BUYER: John Rost - Fiesta Auto Insurance SELLER: Freda L. Sanderson BUYER'S REP: Scott Diamond SELLER'S REP: Ashley McIntosh - Douglas Elliman SALE PRICE: $10,200,000 SF: 9,582 ~ PPSF: $1,064

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

$544,000.01

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$36,238.44
Cash-on-Cash Return-1.27%
Monthly Debt Service$48,353.20
Annual Debt Service$580,238.45