West Palm Beach-based Talon Point Capital, a full-service real estate advisory firm, recently announced the sale of an off-market, 10-unit condominium property directly on Palm Beach Inlet in Palm Beach Shores for $6.3 million. The buyer is a private investor with a diverse portfolio of real estate holdings.
Talon Point Capital is intimately familiar with the oceanfront enclave community. As owner of income property in Palm Beach Shores and having represented many investors, the firm was able to advise the buyer to a successful transaction.
“There’s so much more to a successful contract than just the pricing. This is a testament to the quality of our presentation skills and our sophisticated investor profile that put our contracts on top,” said Albert Boyd, broker of Talon Point Capital and a longtime resident of the western communities.
Talon Point Capital spearheaded the intense negotiating that developed after several challenging factors threatened to derail the transaction while under contract. After approximately five months of addendums and various potential obstacles, the sale finally closed. “Mr. Boyd is a dealmaker. His relationship-building skills are what makes the difference in creating unique solutions,” the buyer said.
The property is located at 320 Inlet Way in Palm Beach Shores. The condominium nature of the property and its location provide for a few value-add options in terms for the buyer. “This particular transaction, with 10 different owners, all out of state, required some tenacity and a level head to keep all parties engaged during the five months of troubleshooting,” Boyd said. “This transaction reflected Talon Point’s ‘Commitment to the Mission’ philosophy.”
Talon Point Capital provides off-market niche opportunities to a clientele of discriminating investors who value expert services in the hospitality, multifamily, residential development and retail sectors. As investors and niche developers, Talon Point’s team understands real estate finance, the value-add development process and a sound plan. In addition, investors appreciate the firm’s specialty services, such as CPA tax planning for real estate investors and developers, an in-house experience, as well as a bilingual team with direct connections in South America, Europe and nationally.