Ameriprise Financial Leases Office Space At 3801 PGA Boulevard In Palm Beach Gardens
3801 PGA Boulevard, Palm Beach Gar...
Building Size
16,371 SF
Asset Type
Office
Closing
Aug 25, 2022
About this deal
AI
The office located at 3801 PGA Boulevard in Palm Beach Gardens, spanning 16,371 square feet, was leased on August 25, 2022. Ameriprise Financial secured this space, with New York Life Real Estate Investors acting as the landlord. The tenant's representative in this transaction was Kevin Landers from Cushman & Wakefield.
Summary of transation details:
- Property Type: Office
- Transaction Amount: Not Applicable
- Tenant: Ameriprise Financial
- Landlord: New York Life Real Estate Investors
- Square Feet: 16,371
- Tenant's Rep: Kevin Landers (Cushman & Wakefield)
The deal involved Ameriprise Financial, represented by Kevin Landers from Cushman & Wakefield, leasing the office space at 3801 PGA Boulevard in Palm Beach Gardens from New York Life Real Estate Investors.
On the Map
Office
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Palm Beach Gardens Office Market Snapshot
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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