facebook

traded

+ Submit
Home

/

Deals

/

Florida

/

Commercial

/

Sale

/

964 S Congress Ave, Palm Sp...

Marcus & Millichap Brokers Sell Palm Springs Commercial Property For $10.1M
SOLDCommercial

Marcus & Millichap Brokers Sell Palm Springs Commercial Property For $10.1M

964 S Congress Ave, Palm Springs, FL 33406

$10,100,000

$280/SF

Building Size

36,000 SF

Asset Type

Commercial

Closing

Jan 25, 2022

AI

964 S. Congress Ave in Palm Springs has been sold in a commercial transaction for $10,100,000. This property encompasses approximately 36,000 square feet, resulting in a price per square foot of $281.

Summary of transaction details

Craig Johnson, Tim Giambrone, and Ryan Nee from Marcus & Millichap represented the parties involved in the transaction.

Players

Ryan Nee

Marcus & Millichap

Broker

$384.6M

vol

21 deals

Broker

West Palm Beach Commercial Market Snapshot

Boundary boundary · Commercial · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

1.57%

Cash-on-Cash

-0.45%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93