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
Palm Beach Gardens Office Market Snapshot
Boundary boundary · Office · Sale transactions
Loading comparables…
Deal FAQ
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