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6261 West Atlantic Boulevard

Trustone Realty Advisors Brokers $2.05M Sale Of Medical Office In Margate, FL
SOLDMedical Office

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

Jake Zebede
Verified Badge

Jake Zebede

Trustone Realty Advisors

Broker

$333.7M

vol

16 deals

Broker

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