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11360 North Jog Road, Palm ...

Updated Oct 28, 2024

Sean Greene, Michael Steinger & Michael Feiner Acquire Palm Beach Gardens Office For $8.6M
SOLDOffice

Sean Greene, Michael Steinger & Michael Feiner Acquire Palm Beach Gardens Office For $8.6M

11360 North Jog Road, Palm Beach Gardens, Florida 33418, United States

$8,600,000

$337/SF

Building Size

25,496 SF

Asset Type

Office

Closing

Jun 2, 2022

About this deal

AI

Located in Palm Beach Gardens, the office property at 11360 North Jog Road 101 has recently been sold for a total of $8,600,000. The transaction took place on June 3, 2022, and the property spans an area of 25,496 square feet, resulting in a price per square foot of $337. The seller of the property is John C. Bills Properties, while the buyers include Sean Greene, Michael Steinger, and Michael Feiner.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: $8,600,000
  • Address: 11360 North Jog Road 101, Palm Beach Gardens
  • Market: Palm Beach Gardens

The successful sale was facilitated by the renowned real estate professionals Sean Greene, Michael Steinger, and Michael Feiner, who are affiliated with their respective agencies. The transaction represents a significant milestone for both the buyers and the seller, highlighting the active commercial real estate market in Palm Beach Gardens.

Players

P
PropertiesSeller

Palm Beach Gardens Office Market Snapshot

Boundary boundary · Office · Sale transactions

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Deal FAQ

About $337 per square foot on a published $8.6M for 25,496 square feet (2022).

Browse Florida office sales on Traded.

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

1.84%

Cash-on-Cash

-0.53%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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