Rosenbaum Leases Office Space At 1700 Palm Beach Lakes Boulevard In West Palm Beach
1700 Palm Beach Lakes Boulevard, West Palm Beach, Florida 33401
$2,250
$2,250/SF
Building Size
9,717 SF
Asset Type
Office
Closing
Feb 17, 2020
AI
The recently leased property is located at 1700 Palm Beach Lakes Boulevard in West Palm Beach. This office space, spanning 9,717 square feet, was leased on February 17, 2022. The lease terms are for a duration of 10 years.
Summary of transaction details
- Property Type: Office
- Asking Rent: $22.50/ft.
- Square Footage: 9,717
- Address: 1700 Palm Beach Lakes Boulevard
- Market: West Palm Beach
- Landlord: Capstone Realty Group
- Tenant: Rosenbaum
- Landlord's Representative: Anthony Librizzi & Tarra England - Cushman and Wakefield
- Tenant's Representative: Mike Walters - MJW Realty Advisors
- Lease Terms: 10-year
The property was leased by Rosenbaum, with Anthony Librizzi & Tarra England from Cushman and Wakefield representing the landlord, Capstone Realty Group. The tenant's representative in the deal was Mike Walters from MJW Realty Advisors.
Players
West Palm Beach Office Market Snapshot
Boundary boundary · Office · Lease transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
7050.22%
Cash-on-Cash
-2014.98%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93