Babak Ebrahimzadeh Acquires Office Building In West Palm Beach For $5.5M
SOLD
$5,500,000
Florida
See Similar DealsOffice10,478 SF
Sold 06/23/2022
SOLD
Babak Ebrahimzadeh Acquires Office Building In West Palm Beach For $5.5M
1545 Centrepark Drive North, West Palm Beach, Florida 33401, United States
See Similar DealsOffice10,478 SF
Sold 06/23/2022
Summary
FLORIDA
Asset Type:Office
Price Per Square Foot:$524
Total Square Footage:10,478 SF
Transaction Type:Sale
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
Details
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Similar Deals
Contact
Get in touch with the broker you want
Similar Buyers
Unlock All Profiles
Upgrade to Traded Pro for full access to every deal, profile & market insight.Unlimited deal views
Access investor profiles & contacts
Exclusive comps & market data
Go Pro
Similar Brokers
Search Address Tool
Enter any address to instantly view nearby comps, investors, brokers, lenders, and a visual map.NEW!
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$293,333.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$19,540.35
Cash-on-Cash Return-1.27%
Monthly Debt Service$26,072.81
Annual Debt Service$312,873.67
Is there something missing? Send suggestions