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10 Southeast Central Parkway

Office Building Sold For $5.5M At 10 Southeast Central Parkway In Stuart
SOLDOffice

Office Building Sold For $5.5M At 10 Southeast Central Parkway In Stuart

10 Southeast Central Parkway

$5,500,000

$136/SF

Building Size

40,208 SF

Asset Type

Office

Closing

Dec 4, 2024

AI

This office asset located at 10 Southeast Central Parkway in the Stuart market has a sale price of $5,500,000. The property encompasses a total square footage of 40,208, with a price per square foot of $136.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: $5,500,000
  • Square Footage: 40,208 SF
  • Price Per Square Foot: $136
  • Address: 10 Southeast Central Parkway
  • Market: Stuart

The transaction was represented by brokers Stuart Duffin and JJ Sanguily, both affiliated with NAI Southcoast, highlighting the collaborative efforts behind this deal.

Players

Stuart Duffin

Cushman & Wakefield

Broker

$23.5M

vol

3 deals

Broker
NAI Global
NAI GlobalBrokerage

Stuart Office Market Snapshot

Boundary boundary · Office · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

2.88%

Cash-on-Cash

-0.82%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93