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3255 Forest Hill Blvd

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

Michael J. Gefter Secures $3 Million 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 the transaction is located at 3255 Forest Hill Blvd in West Palm Beach. This asset is classified as an office type and is associated with a loan amount of $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
  • Brokers: Michael J. Gefter
  • Landlord: CE Restaurant Concepts

This transaction involved Michael J. Gefter acting as the broker representative, facilitating the loan arrangement for the office asset. No landlord details were provided in the context of this transaction.

Players

Michael Gefter

Wolf Investment Partners

Broker

$121.1M

vol

42 deals

Broker
DF
Dort FCULender
SP
Soma Medical Center P.ALandlord

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