Isaac & Liat Toledano Of BH Group & Related Group Acquire Mixed-Use Asset For $35M
2001 North Flagler Drive
$35,000,000
$1,025/SF
Building Size
34,116 SF
Asset Type
Mixed-use
Closing
Oct 17, 2024
AI
The property involved in this transaction is a mixed-use asset located at 2001 North Flagler Drive, West Palm Beach. It consists of a total square footage of 34,116 and is transacted at a sale price of $35,000,000, resulting in a price per square foot of $1,025.
Summary of transation details:
- Property Type: Mixed-use
- Transaction Amount: $35,000,000
- Square Footage: 34,116
- Address: 2001 North Flagler Drive
- Market: West Palm Beach
- Buyer: Isaac & Liat Toledano - BH Group & Related Group Jorge Pérez and his sons Jon Paul and Nicholas Pérez
- Seller: Dr. Steven Krumholz - Waterside Building Limited
- Buyer Broker: Rainier Sebastian Leon - Real Estate Sales Force (RESF)
- Seller Broker: Jonathan Gladstone - Gladstone Realty
Isaac & Liat Toledano, along with Jorge Pérez and his sons, were instrumental in acquiring the property, with representation from Rainier Sebastian Leon, while Dr. Steven Krumholz and Waterside Building Limited facilitated the sale through Jonathan Gladstone.
Players
West Palm Beach Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.45%
Cash-on-Cash
-0.13%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93