Reiner Acevedo Acquires Office Building On N Military Trl In West Palm Beach For $4.1M
SOLD
$4,100,000
Florida
See Similar DealsOffice24,864 SF
Sold
SOLD
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
See Similar DealsOffice24,864 SF
Sold
Summary
FLORIDA
Asset Type:Office
Price Per Square Foot:$164
Total Square Footage:24864 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$218,666.66
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$14,566.44
Cash-on-Cash Return-1.27%
Monthly Debt Service$19,436.09
Annual Debt Service$233,233.10
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