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
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