Trustone Realty Advisors Brokers $2.05M Sale Of Medical Office In Margate, FL
6261 West Atlantic Boulevard
$2,050,000
Building Size
—
Asset Type
Medical Office
Closing
Jan 21, 2024
AI
A medical office located at 6261 West Atlantic Boulevard in Margate has been sold for $2,050,000. This property, brokered by Trustone Realty Advisors, showcases the firm's proficiency in navigating complex transactions. Despite challenges in the office space market, Trustone's brokers, Jake Zebede and Joseph Linder, successfully represented both the buyer and seller in this transaction.
Summary of transaction details
- Property Type: Medical Office
- Transaction Amount: $2,050,000
- Address: 6261 West Atlantic Boulevard, Margate
- Market: Margate
- Brokers: Jake Zebede & Joseph Linder - Trustone Realty Advisors
This deal was brokered by Trustone Realty Advisors, with their brokers showcasing their proficiency in navigating complex transactions. This successful sale demonstrates their ability to negotiate and close deals in a challenging office space market.
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
7.74%
Cash-on-Cash
-2.21%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93