Benjamin Silver Of CBRE Represents Sale Of Office Property At 1215 Wallace Drive For $5.8M
1215 Wallace Drive
$5,800,000
$306/SF
Building Size
18,934 SF
Asset Type
Office
Closing
Mar 12, 2025
AI
The property asset involved in the transaction is an office building located at 1215 Wallace Drive in Delray Beach. The sale price for the asset was $5,800,000, with a total square footage of 18,934, resulting in a price per square foot of $306.
Summary of transation details:
- Property Type: Office
- Transaction Amount: $5,800,000
- Address: 1215 Wallace Drive
- Market: Delray Beach
- Square Footage: 18,934
- Price per Square Foot: $306
- Broker: Benjamin Silver - CBRE
Benjamin Silver represented the broker agency CBRE in this transaction, facilitating the sale of the office property in Delray Beach.
Players
Delray Beach 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
2.73%
Cash-on-Cash
-0.78%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93