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

Property Image
SOLD
$2,050,000
Jake Zebede
Joseph Linder

Florida

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Medical Office
Sold 01/21/2024
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Property Image
SOLD

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

6261 West Atlantic Boulevard

See Similar Deals
Medical Office
Sold 01/21/2024
Jake Zebede
Joseph Linder
the dealplayerscompscontact
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Summary

FLORIDA
Asset Type:Medical Office
Transaction Type:Sale

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
Trustone Realty Advisors
Jake Zebede
16 deals$333.7M volume
BROKER
Joseph Linder
Trustone Realty Advisors
Joseph Linder
2 deals$4.6M volume
BROKER

Details

SOLD
IMAGE: Jake Zebede & Joseph Linder DATE: 01/21/2024 ADDRESS: 6261 West Atlantic Boulevard MARKET: Margate ASSET TYPE: Medical Office BROKERS: Jake Zebede (@Zebedez) & Joseph Linder - Trustone Realty Advisors SALE PRICE: $2,050,000 NOTE: Trustone Advisors brokered the $2,050,000 sale of a medical office at 6261 W Atlantic Blvd. in Margate, representing both the buyer and seller. Despite challenges in the office space market, Trustone's Jake Zebede and Joseph Linder secured the deal, showcasing the firm's proficiency in navigating complex transactions.

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

$109,333.32

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$7,283.23
Cash-on-Cash Return-1.27%
Monthly Debt Service$9,718.05
Annual Debt Service$116,616.55