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3255 Forest Hill Blvd

Michael J. Gefter Secures $3,000,000 Loan For Office Asset In West Palm Beach
FINANCEDOffice

Michael J. Gefter Secures $3,000,000 Loan For Office Asset In West Palm Beach

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, situated in the West Palm Beach market. The loan amount for this transaction 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
  • Broker: Michael J. Gefter

Michael J. Gefter represents the landlord in this transaction, facilitating the loan agreement for the office space at the specified address. The transaction highlights the collaboration between the broker and the landlord within the West Palm Beach market.

Players

Michael J. Gefter

Broker

$282.5M

vol

66 deals

Broker
Wolf Investment Partners
Wolf Investment PartnersBrokerage

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