SOLDOffice
Alexander H Griswold & Benjamin H Griswold Acquire Palm Beach Office Building For $12.15M
100 Avenue of the Championsch Gardens, Florida 33418, United States
$12,150,000
Building Size
—
Asset Type
Office
Closing
Mar 17, 2023
About this deal
AI
The office building located at 100 Avenue of the Champions in Palm Beach, FL has been sold for a price of $12,150,000. This property spans across 40,622 square feet and has a price per square foot of $299.
Summary of transaction details
- Property Type: Office Building
- Transaction Amount: $12,150,000
- Address: 100 Avenue of the Champions, Palm Beach, FL
- Market: Palm Beach, FL
- Buyer: Alexander H Griswold & Benjamin H Griswold
- Seller: Jim Richerson & Seth Waugh
- Square Footage: 40,622
- Price per Square Foot: $299
Alexander H Griswold and Benjamin H Griswold were the buyers of the property, while Jim Richerson and Seth Waugh acted as the sellers.
Players
West Palm Beach Office Market Snapshot
Boundary boundary · Office · Sale transactions
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Deal FAQ
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.31%
Cash-on-Cash
-0.37%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93