Valentina Kraver, Isabella Kraver & Sasha Kraver Of Douglas Elliman Facilitate Office Sale For $8.5M In West Palm Beach
1217 South Flagler Drive
$8,500,000
$1,295/SF
Building Size
6,561 SF
Asset Type
Office
Closing
May 6, 2025
AI
The property asset involved in this transaction is located at 1217 South Flagler Drive in West Palm Beach. This office space has a total square footage of 6,561 and was sold for a transaction amount of $8,500,000, which equates to a price per square foot of $1,295.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $8,500,000
- Square Footage: 6,561
- Price per Square Foot: $1,295
- Address: 1217 South Flagler Drive
- Market: West Palm Beach
- Buyer's Representatives: Valentina Kraver, Isabella Kraver & Sasha Kraver - Douglas Elliman
- Seller's Representatives: Constance D. Thomas & David Thomas - Tower Commercial Real Estate (TCRE)
This transaction involved key individuals from both sides, with Valentina Kraver, Isabella Kraver, and Sasha Kraver representing the buyer, while Constance D. Thomas and David Thomas represented the seller in the deal.
Players
West Palm 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
1.87%
Cash-on-Cash
-0.53%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93