Andrew Gonzalez & Linda Gonzalez Acquire 4.2 Acres Medical Office In Vero Beach For $3.6M
333 17th Street Southwest, Vero Beach, Florida 32962, United States
$3,600,000
$90/SF
Building Size
40,000 SF
Asset Type
—
Closing
Apr 12, 2022
About this deal
AI
The medical office located at 333 17th St. in Vero Beach has been sold in a transaction. This property, with an area of 4.2 acres, was sold for a total price of $3,600,000. The sale took place on April 13, 2022. The office has a total square footage of 40,000, resulting in a price per square foot of $90.
Summary of transaction details
- Property Type: Medical Office
- Transaction Amount: $3,600,000
The sale of this medical office was facilitated by Andrew Gonzalez and Linda Gonzalez from Coldwell Banker Commercial Paradise. They acted as brokers in this transaction, representing the involved parties.
Players
Vero Beach CRE Market Snapshot
Boundary boundary · CRE · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
4.41%
Cash-on-Cash
-1.26%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93