Reiner Acevedo Acquires Office Building On N Military Trl In West Palm Beach For $4.1M
1489 North Military Trail, West Palm Beach, Florida 33409, United States
$4,100,000
$164/SF
Building Size
24,864 SF
Asset Type
Office
Closing
Jun 22, 2022
AI
An office building located at 1489 N Military Trl in West Palm Beach, FL, was recently sold in a transaction that closed on June 23, 2022. The property spans 24,864 square feet and was sold for a price of $4,100,000, resulting in a price per square foot of $164.
Summary of transaction details:
- Property Type: Office Building
- Transaction Amount: $4,100,000
- Address: 1489 N Military Trl, West Palm Beach, FL
- Market: West Palm Beach, FL
- Buyer: Reiner Acevedo
- Seller: Yoav Merary
- Square Footage: 24,864
- Price per Square Foot: $164
Reiner Acevedo acquired the office building located at 1489 N Military Trl, West Palm Beach, FL, from Yoav Merary in this transaction.
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
3.87%
Cash-on-Cash
-1.11%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93