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1700 Palm Beach Lakes Boule...

Rosenbaum Leases Office Space At 1700 Palm Beach Lakes Boulevard In West Palm Beach
LEASEDOffice

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

Anthony Librizzi

Cushman & Wakefield

Broker

$15M

vol

7 deals

Broker
CG
Capstone Realty GroupLandlord

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