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Temple Israel Acquires Church From Building Hope For $13M In West Palm Beach

Property Image
SOLD
$13,000,000
Mark M. Rubin
Jacob (Jake) Falk
+ 5

Florida

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Church41,981 SF
Sold 02/20/2026
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Property Image
SOLD

Temple Israel Acquires Church From Building Hope For $13M In West Palm Beach

2101 North Australian Avenue

See Similar Deals
Church41,981 SF
Sold 02/20/2026
Mark M. Rubin
Jacob (Jake) Falk
+ 5
Contact now

Summary

FLORIDA
Asset Type:Church
Price Per Square Foot:$309
Total Square Footage:41,981 SF
Transaction Type:Sale

The property asset involved in this transaction is a church located at 2101 North Australian Avenue in the West Palm Beach market. The sale price for the property was $13,000,000, with a total square footage of 41,981, resulting in a price per square foot of $309.

Summary of transaction details:

The individuals and companies involved in the transaction include Temple Israel as the buyer and Building Hope as the seller. The brokerage team representing the deal consisted of several agents from Colliers, highlighting a collaborative effort among brokers to facilitate this transaction.

Players

Mark M. Rubin
37 deals$896.8M volume(561) 302-2511
BROKER

Michael Falk
Colliers
11 deals$89.5M volume
BROKER

Bastian Schauer
Colliers
42 deals$3B volume(561) 281-6656
BROKER

Ryan Buckner
Colliers
3 deals$24.6M volume(561) 597-5553
BROKER

Jarrett Morrell
Colliers
1 deal$13M volume(202) 222-5631
BROKER

Patrick Slagle
Colliers
1 deal$13M volume(301) 547-1828
BROKER


Details

SOLD
IMAGE: Ryan Buckner, Jarrett Morrell, Bastian Schauer, Michael Falk, Mark M. Rubin, Patrick Slagle & Jake Falk DATE: 02/20/2026 ADDRESS: 2101 North Australian Avenue MARKET: West Palm Beach ASSET TYPE: Church BUYER: Temple Israel SELLER: Building Hope BROKERS: Bastian Schauer (@Bastian1992), Mark M. Rubin (@Sofloinvestmentsales), Ryan Buckner, Michael Falk (@ColliersFalkweprinTeam), Jarrett Morrell (JarrettMorrell), Patrick Slagle, Jacob Falk & Jake Falk - Colliers (@ColliersInternational) SALE PRICE: $13,000,000 SF: 41,981 ~ PPSF: $309

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$693,333.32

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$46,186.27
Cash-on-Cash Return-1.27%
Monthly Debt Service$61,626.63
Annual Debt Service$739,519.59