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 Office Market Snapshot
Boundary boundary · Office · Sale transactions
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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