FINANCEDOffice
Michael J. Gefter Secures $3,000,000 Loan For Office Asset 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 located at 3255 Forest Hill Blvd is an office asset situated in the West Palm Beach market. A loan amount of $3,000,000.00 has been secured for this asset.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $3,000,000.00
- Address: 3255 Forest Hill Blvd
- Market: West Palm Beach
- Brokers: Michael J. Gefter
Michael J. Gefter represents the landlord in this transaction, facilitating the loan process for the office asset involved.
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