Dante Pezzatini Acquires Medical Office In Margate For $4.5M With Brokers Felipe Escobar & Yoni Sunshine Of APEX Capital Realty
6101 West Atlantic Boulevard
$4,525,000
$93/SF
Building Size
48,344 SF
Asset Type
Medical Office
Closing
Jan 12, 2024
AI
A medical office located at 6101 West Atlantic Boulevard in Margate has been sold for $4,525,000. The property spans 48,344 square feet, amounting to a price per square foot of $94. The building size is 18,513 square feet, resulting in a price per building square foot of $244. The transaction took place between buyer Dante Pezzatini and seller Max Eida.
Summary of transaction details
- Property Type: Medical Office
- Transaction Amount: $4,525,000
- Address: 6101 West Atlantic Boulevard, Margate
- Square Footage: 48,344 SF
- Price Per Square Foot: $94
- Building Size: 18,513 BSF
- Price Per Building Square Foot: $244
The deal was facilitated by Felipe Escobar and Yoni Sunshine from APEX Capital Realty, who represented both the buyer and seller in the transaction. It's worth noting that within 30 days of listing the property, a 1031 Buyer was identified, and the buyer successfully closed the deal within another 60 days, utilizing creative seller financing. For similar opportunities in the medical office, retail, industrial, multifamily, and development sectors, interested parties can contact Yoni Sunshine at (216) 973-9534 and Felipe Escobar at (754) 304-3129.
Players
Margate Medical Office Market Snapshot
Boundary boundary · Medical Office · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
3.51%
Cash-on-Cash
-1.00%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93