Ellrich, Neal, Smith & Stohlman Lease 10500 Sqft Office In Palm Beach Gardens
3300 PGA Boulevard, Palm Beach Gar...
Building Size
10,500 SF
Asset Type
Office
Closing
Oct 6, 2022
AI
The property located at 3300 PGA Boulevard in Palm Beach Gardens, consisting of an office space measuring 10,500 square feet, was involved in a lease transaction. The tenant, Ellrich, Neal, Smith & Stohlman, engaged in the agreement with the landlord, ABS National Business Parks. Steve Paige from Reichel Realty & Investments represented the tenant, while Kevin McCarthy and Kevin Probel from CBRE acted as the landlord's representatives.
Summary of transation details:
- Property Type: Office
- Transaction Amount: Not Applicable
- Tenant: Ellrich, Neal, Smith & Stohlman
- Landlord: ABS National Business Parks
- Market: Palm Beach Gardens
- Tenant's Rep: Steve Paige(Reichel Realty & Investments)
- Landlord's Rep: Kevin McCarthy(CBRE), Kevin Probel(CBRE)
- Square Feet: 10,500
- Address: 3300 PGA Boulevard, Palm Beach Gardens
The transaction, dated October 6, 2022, involved Ellrich, Neal, Smith & Stohlman leasing the 10,500 square feet office space at 3300 PGA Boulevard in Palm Beach Gardens from ABS National Business Parks. The negotiation was facilitated by Steve Paige from Reichel Realty & Investments representing the tenant and Kevin McCarthy along with Kevin Probel from CBRE acting as the landlord's representatives.
Players
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