Jim Batmasian Acquires Office Building In Deerfield Beach For $5M
1096 East Newport Center Drive
$5,000,000
$211/SF
Building Size
23,604 SF
Asset Type
Office
Closing
Jul 20, 2022
About this deal
AI
The office property located at 1096 E Newport Center Dr in Deerfield Beach has been sold for $5,000,000. This property spans 23,604 square feet, resulting in a price per square foot of $212.
Summary of transation details
- Property Type: Office
- Transaction Amount: $5,000,000
- Address: 1096 E Newport Center Dr, Deerfield Beach
- Market: Deerfield Beach
The buyer of the property is Jim Batmasian, while the sellers are Jim Young, Mark Butters, and Josh Leder. The transaction was facilitated by Tyler S. Kuhlman and Douglas K. Mandel from Marcus & Millichap.
Players
Deerfield Beach Office Market Snapshot
Boundary boundary · Office · Sale transactions
Loading comparables…
Deal FAQ
Visit Tyler Kuhlman to view all their deals.
Browse Deerfield Beach office sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
3.17%
Cash-on-Cash
-0.91%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93