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2751 South Dixie Highway

Douglas Quay Of MyBambu Leases 35000 Square Feet Office Space In West Palm Beach
LEASEDOffice

Douglas Quay Of MyBambu Leases 35000 Square Feet Office Space In West Palm Beach

2751 South Dixie Highway

Building Size

35,000 SF

Asset Type

Office

Closing

Jul 16, 2025

AI

The property asset involved in this transaction is an office space located at 2751 South Dixie Highway in West Palm Beach, comprising 35,000 square feet. This asset is suited for accommodating a growing workforce and is situated in a market that is conducive to business operations.

Summary of transaction details:

This lease marks a significant move for MyBambu, a financial tech company focused on integrating Latino immigrants into the U.S. banking system. The company has transitioned from a downtown location to accommodate an expanding workforce of 160 employees as part of its strategy to move away from remote work.

Players

Lawrence Epstein

Savills

Broker

2 deals

Broker

Todd Rosenberg

Landlord

$235.2M

vol

4 deals

Landlord
Sabal Investment Holdings
Sabal Investment HoldingsLandlord

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

5.80%

Cash-on-Cash

-1.66%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93