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:
- Property Type: Office
- Transaction Amount: Not specified
- Lease Date: 07/16/2025
- Landlord: Todd Rosenberg - PEBB Capital; Pat Jackson - Sabal Investment Holdings
- Tenant: Douglas Quay - MyBambu
- Brokers: Michael Wernick, Lawrence Epstein & David Browne - Savills
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
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