Babak Ebrahimzadeh Acquires Office Building In West Palm Beach For $5.5M
1545 Centrepark Drive North, West Palm Beach, Florida 33401, United States
$5,500,000
$524/SF
Building Size
10,478 SF
Asset Type
Office
Closing
Jun 22, 2022
AI
The office building located at 1545 Centrepark Dr N in West Palm Beach, FL has been sold for a price of $5,500,000. The building spans across a total area of 10,478 square feet, resulting in a price per square foot of $524.
Summary of transation details
- Property Type: Office Building
- Transaction Amount: $5,500,000
- Address: 1545 Centrepark Dr N, West Palm Beach, FL
- Market: West Palm Beach, FL
- Square Footage: 10,478
- Price per Square Foot: $524
The buyer of the property is Babak Ebrahimzadeh, while the seller is Young Sook P. Song.
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
2.88%
Cash-on-Cash
-0.82%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93