Avi Greenbaum Of Triple Double Real Estate Acquires Office Building In Boynton Beach For $6.3M
1301 N Congress Ave, Boynton Beach, FL, USA
$6,300,000
$153/SF
Building Size
40,980 SF
Asset Type
Office
Closing
Jun 4, 2020
About this deal
AI
An office property located at 1301 N Congress Ave in Boynton Beach has been sold in a recent transaction. The property spans across 40,980 square feet and was sold for a price of $6,300,000, resulting in a price per square foot of $154. The sale took place on 06/04/2021.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $6,300,000
- Address: 1301 N Congress Ave, Boynton Beach
- Market: Boynton Beach
The buyer of this office property was Avi Greenbaum from Triple Double Real Estate, while the seller was Robert Fleming. Avi Greenbaum was represented by Bastian Laggerbauer and Mark M. Rubin from Colliers International. On the other hand, David Duckworth from Avison Young served as the seller's representative in the deal.
Players
Boynton 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
2.52%
Cash-on-Cash
-0.72%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93