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2001 North Flagler Drive

Isaac & Liat Toledano Of BH Group & Related Group Acquire Mixed-Use Asset For $35M
SOLDMixed-use

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

Rainier Sebastian Leon

Real Estate Sales Force (RESF)

Broker

$55.6M

vol

4 deals

Broker

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