Avi Greenbaum Of Triple Double Real Estate Acquires Office Building In Boynton Beach For $6.3M
SOLD
$6,300,000
+ 1
Florida
See Similar DealsOffice40,980 SF
Sold 06/04/2020
SOLD
Avi Greenbaum Of Triple Double Real Estate Acquires Office Building In Boynton Beach For $6.3M
1301 N Congress Ave, Boynton Beach, FL, USA
See Similar DealsOffice40,980 SF
Sold 06/04/2020
+ 1
Summary
FLORIDA
Asset Type:Office
Price Per Square Foot:$153
Total Square Footage:40,980 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$336,000.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$22,382.57
Cash-on-Cash Return-1.27%
Monthly Debt Service$29,865.21
Annual Debt Service$358,382.57
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