FINANCEDOffice
Michael J. Gefter Represents $3,000,000 Loan For Office At 3255 Forest Hill Blvd
3255 Forest Hill Blvd
$3,000,000
$337/SF
Building Size
8,892 SF
Asset Type
Office
Closing
Feb 11, 2025
AI
The property asset involved in this transaction is an office space located at 3255 Forest Hill Blvd in West Palm Beach. The loan amount for the property is $3,000,000.00.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $3,000,000.00
- Address: 3255 Forest Hill Blvd
- Market: West Palm Beach
- Loan Date: 02/11/2025
The broker for this transaction is Michael J. Gefter. No landlord is specified in the context provided.
Players
West Palm Beach Office Market Snapshot
Boundary boundary · Office · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.29%
Cash-on-Cash
-1.51%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93