Brookwood Financial Partners Leases 21652 Square Feet At 1645 Palm Beach Lakes Blvd
1645 Palm Beach Lakes BLVD, West P...
Building Size
21,652 SF
Asset Type
—
Closing
Nov 20, 2023
About this deal
AI
The property involved in this transaction is located at 1645 Palm Beach Lakes Blvd, West Palm Beach. The leased space encompasses a total of 21,652 square feet. The landlord in this deal is Brookwood Financial Partners, and the property is situated in the West Palm Beach market.
Summary of transaction details:
- Property Type: Lease
- Transaction Amount: Not Specified
- Address: 1645 Palm Beach Lakes Blvd, West Palm Beach
- Market: West Palm Beach
- Landlord: Brookwood Financial Partners
- Landlord's Representatives: Kevin McCarthy (CBRE), Kevin Probel (CBRE)
- Square Feet: 21,652
In this transaction, the representatives for the landlord, Kevin McCarthy and Kevin Probel from CBRE, played a key role in facilitating the lease agreement. Their involvement highlights the professional management and representation provided in this real estate deal.
On the Map
Players
West Palm Beach CRE Market Snapshot
Boundary boundary · CRE · Lease transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93