Jay Krigsman Acquires Office Building In West Palm Beach For $4.4M
1495 Forest Hill Boulevard, West Palm Beach, Florida 33406, United States
$4,400,000
$188/SF
Building Size
23,360 SF
Asset Type
Office
Closing
Jun 22, 2022
About this deal
AI
An office building located at 1495 Forest Hill Blvd and 1499 Forest Hill Blvd in West Palm Beach, FL, was recently sold in a transaction that closed on June 23, 2022. The property spans 23,360 square feet and was sold for a total price of $4,400,000, resulting in a price per square foot of $188.
Summary of transaction details
- Property Type: Office Building
- Transaction Amount: $4,400,000
- Square Footage: 23,360
- Price per Square Foot: $188
- Address: 1495 Forest Hill Blvd and 1499 Forest Hill Blvd, West Palm Beach, FL
The buyer of the office building was Jay Krigsman, while the seller was Cris E. Boyar. The transaction involved these two key individuals and completed the sale of the property at the specified price and square footage.
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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
3.61%
Cash-on-Cash
-1.03%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93