Perry Barber III Acquires North Palm Beach Condo For $5.5M
11050 Turtle Beach Rd #201, North Palm Beach, Fl 33408, Usa
$5,500,000
$183/SF
Building Size
30,000 SF
Asset Type
—
Closing
Aug 18, 2020
AI
The recently closed property transaction involved a condo located at 11050 Turtle Beach Road in North Palm Beach. The condo spans 3,000 square feet and was sold at a price of $5,500,000, resulting in a price per square foot of $1,833.
Summary of transaction details
- Property Type: Condo
- Transaction Amount: $5,500,000
- Address: 11050 Turtle Beach Road, North Palm Beach
- Square Footage: 3,000
- Price per Square Foot: $1,833
In this transaction, the sellers were Brian and Aileen Roberts, who are associated with Comcast. The buyers were Perry Barber III. The deal was facilitated by brokers James Kenny and Paul Kaneb from K2 Realty.
Players
North Palm Beach CRE Market Snapshot
Boundary boundary · CRE · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.88%
Cash-on-Cash
-0.82%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93