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107 Man Cave LLC Purchases 107 Indian Road In Palm Beach For $17.545M With Broker Christian Angle
SOLD
$17,545,000
Florida
See Similar DealsSingle Family5,477 SF
Sold 01/10/2025
SOLD
107 Man Cave LLC Purchases 107 Indian Road In Palm Beach For $17.545M With Broker Christian Angle
107 Indian Road
See Similar DealsSingle Family5,477 SF
Sold 01/10/2025
Summary
FLORIDA
Asset Type:Single Family
Price Per Square Foot:$3,203
Total Square Footage:5,477 SF
Transaction Type:Sale
107 Indian Road, located in Palm Beach, is a single-family residence encompassing 3.36 acres. The property, which has a total square footage of 5,477, has been sold for a price of $17,545,000, equating to a price per square foot of $3,203.
Summary of transaction details:
- Property Type: Single Family
- Transaction Amount: $17,545,000
- Address: 107 Indian Road
- Market: Palm Beach
- Acres: 3.36
- Square Footage: 5,477
- Price Per Square Foot: $3,203
- Buyer: 107 Man Cave LLC
- Seller: Estate of Lorrie S. Fromson, represented by trustee Charles T. Weiss
- Broker: Christian Angle - Christian Angle Real Estate
The transaction involved 107 Man Cave LLC acquiring the property from the estate of Lorrie S. Fromson. This deal was facilitated by trustee Charles T. Weiss, with the brokerage services provided by Christian Angle of Christian Angle Real Estate.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$935,733.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$62,333.69
Cash-on-Cash Return-1.27%
Monthly Debt Service$83,172.25
Annual Debt Service$998,067.01
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