facebook

traded

+ Submit
Home

/

Deals

/

Florida

/

All

/

Lease

/

1645 Palm Beach Lakes BLVD,...

Brookwood Financial Partners Leases 21652 Square Feet At 1645 Palm Beach Lakes Blvd
LEASED

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

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.

Players

Kevin Probel

JLL

Broker

$90.2M

vol

12 deals

Broker
CBRE
CBREBrokerage

West Palm Beach CRE Market Snapshot

Boundary boundary · CRE · Lease transactions

Loading comparables…

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