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
About this deal
AI
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 office loan at 3255 Forest Hill Blvd in West Palm Beach, Florida financed for $3M in 2025. The building is 8,892 square feet, implying about 337 per square foot on the published price. Named participants on the 3255 Forest Hill Blvd loan are Michael J. Gefter. This page is the West Palm Beach, Florida file for the 3255 Forest Hill Blvd office financed: pricing, party profiles, and other closed office comps from the same West Palm Beach sit in the Market section below. Filter that West Palm Beach office set by closing date to see what else financed near 3255 Forest Hill Blvd around 2025. Published consideration for 3255 Forest Hill Blvd is $3M, dated 2025. Cite this Michael J. Gefter Represents $3,000,000 Loan For Office At 3255 Forest Hill Blvd loan when underwriting similar office product around West Palm Beach, Florida.
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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