Multi-Family

1301-1321 Alpha Street

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Property Snapshot

Address
1301-1321 Alpha Street
West Palm Beach, FL 33401
Purchase Price
$25,000,000.00
Number of Units
51
Projected IRR
18.09%

Mercer Park is a new, boutique residential community featuring refined one and two-bedroom apartment homes in the heart of West Palm Beach’s Warehouse District. .

More than 1.6 million square feet of high-end office projects are in the pipeline in downtown West Palm beach. Called “Wall Street of the South,” 96 financial firms have established offices in Palm Beach. .

Brand new 2022 construction with purchase price of $25 million which equates to a 5.07% cap rate and a 12.96 GRM.