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3001 PGA Boulevard, Palm Be...

Janney Montgomery Scott Leases 7031 Square Feet At 3001 PGA Boulevard With Cameron Tallon As Tenant's Representative
LEASEDOffice

Janney Montgomery Scott Leases 7031 Square Feet At 3001 PGA Boulevard With Cameron Tallon As Tenant's Representative

3001 PGA Boulevard, Palm Beach Gar...

Building Size

7,031 SF

Asset Type

Office

Closing

Mar 18, 2021

AI

The property asset involved in this transaction is located at 3001 PGA Boulevard, Palm Beach Gardens. It encompasses a total area of 7,031 square feet. The property is situated within the Palm Beach Gardens market.

Summary of transaction details:

  • Property Type: Lease
  • Transaction Amount: Not specified
  • Address: 3001 PGA Boulevard, Palm Beach Gardens
  • Market: Palm Beach Gardens
  • Tenant: Janney Montgomery Scott
  • Tenant's Representative: Cameron Tallon - JLL
  • Landlord: Owens Realty Capital

This transaction features representation by Cameron Tallon from JLL for the tenant, Janney Montgomery Scott, while Owens Realty Capital acts as the landlord within the deal. The collaboration highlights the roles of key real estate professionals in facilitating the lease agreement.

Players

Cameron Tallon

CBRE

Broker

8 deals

Broker
OC
Owen Realty CapitalLandlord
JS
Janney Montgomery ScottTenant

Palm Beach Gardens 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