facebook
TradedTraded
    Home
    Search
    Closings
    Listings
    On Market
    Off Market
    Add a listing
    Vaults
    shh
    Rankings
    News
    Data
    Socials
    More


Messages

Go Pro
+ Submit+ Submit a Deal
Home

/

Deals

/

Florida

/

Office

/

Sale

/

1301 N Congress Ave, Boynto...

Avi Greenbaum Of Triple Double Real Estate Acquires Office Building In Boynton Beach For $6.3M
SOLDOffice

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

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

David Duckworth

Avison Young

Broker

$1.2B

vol

45 deals

Broker
Andrew "Avi" Greenbaum

Andrew Greenbaum

Triple Double Real Estate

Buyer

$36.1M

vol

4 deals

Buyer

Boynton Beach Office Market Snapshot

Boundary boundary · Office · Sale transactions

Loading comparables…

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