Updated Oct 28, 2024
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
About this deal
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.
On the Map
$10,200,000
$499/SF
Single Family Residence
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Players
West Palm Beach Single Family Residence Market Snapshot
Boundary boundary · Single Family Residence · Sale transactions
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Deal FAQ
About $499 per square foot on a published $10.2M for 20,414 square feet (2020).
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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