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West Palm Beach, FL, USA

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

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

West Palm Beach, FL, USA

$10,200,000

$499/SF

Building Size

20,414 SF

Asset Type

Single Family Residence

Closing

Jul 8, 2020

AI

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

Douglas Elliman

Broker

$570.8M

vol

24 deals

Broker

John Rost

Fiesta Auto Insurance

Buyer

$17.5M

vol

2 deals

Buyer

West Palm Beach Single Family Residence Market Snapshot

Boundary boundary · Single Family Residence · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

1.56%

Cash-on-Cash

-0.44%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93