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Reiner Acevedo Acquires Office Building On N Military Trl In West Palm Beach For $4.1M

Property Image
SOLD
$4,100,000

Florida

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Office24,864 SF
Sold
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Property Image
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

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Office24,864 SF
Sold
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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.

Players

2 deals$4.1M volume
SELLER

Details

SOLD
IMAGE: 06/23/2022 ADDRESS: 1489 N Military Trl MARKET: West Palm Beach,FL ASSET TYPE: Office Building BUYER: Reiner Acevedo SELLER: Yoav Merary PRICE: $4,100,000 SF: 24,864 ~ PPSF: $164

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Deal Type
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
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