Related Companies Secures $140M Loan For Office Building At 360 Rosemary Avenue In West Palm Beach
360 South Rosemary Avenue, West Palm Beach, FL, USA
$140,000,000
$466/SF
Building Size
300,000 SF
Asset Type
Office
Closing
Mar 1, 2020
About this deal
AI
The closed property transaction involves an office asset located at 360 Rosemary Avenue in West Palm Beach. The property spans 300,000 square feet and was part of a deal that took place on 03/02/2020.
Summary of transaction details
- Property Type: Office
- Transaction Amount: $140,000,000
- Address: 360 Rosemary Avenue
- Market: West Palm Beach
The loan for this transaction was provided by MSD Capital, while the landlord involved in the deal is Related Companies, represented by Stephen Ross and Jeff Blau.
Stephen Ross, Michael Dell, and Jeff Blau were pictured in the Instagram post, indicating their involvement in the transaction.
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
0.11%
Cash-on-Cash
-0.03%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93