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1217 South Flagler Drive

Valentina Kraver, Isabella Kraver & Sasha Kraver Of Douglas Elliman Facilitate Office Sale For $8.5M In West Palm Beach
SOLDOffice

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

Valentina Kraver

Douglas Elliman

Broker

$21M

vol

2 deals

Broker
Douglas Elliman
Douglas EllimanBrokerage

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