Updated Oct 29, 2024
MHCommercial Real Estate Fund & Waterfall Asset Management LLC Acquires Office Property In Palm Beach Gardens For $49.75M
11760 U.S. Hwy 1 N, Palm Beach Gardens, Fl 33408, Usa
$49,750,000
$20/SF
Building Size
2,432,740 SF
Asset Type
Office
Closing
May 24, 2020
About this deal
AI
A closed transaction in Palm Beach Gardens has recently taken place, involving an office property located at 11760 U.S. Hwy 1 N. The transaction was completed on May 25, 2020.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $49,750,000
- Square Footage: 243,274
- Price per Square Foot: $204
The buyer of the property was MHCommercial Real Estate Fund & Waterfall Asset Management LLC, while Alliance Partners HSP acted as the seller in this transaction. The representation for this deal was provided by Amy Julian, Christian Lee, Royce Rose, and José Lobón.
On the Map
$49,750,000
$20/SF
Office
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Players
North Palm Beach Office Market Snapshot
Boundary boundary · Office · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.32%
Cash-on-Cash
-0.09%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93