CBRE Brokers Benjamin Silver & Evan Fript Facilitate $5.25M Sale Of Office In West Palm Beach
1550 Southern Boulevard
$5,250,000
$333/SF
Building Size
15,744 SF
Asset Type
Office
Closing
Jul 27, 2025
About this deal
AI
The property asset involved in the transaction is an office located at 1550 Southern Boulevard in the West Palm Beach market. The sale price for this asset was $5,250,000, covering a total square footage of 15,744, which translates to a price per square foot of $333.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $5,250,000
- Address: 1550 Southern Boulevard
- Market: West Palm Beach
- Square Footage: 15,744
- Price per Square Foot: $333
- Brokers: Benjamin Silver & Evan Fript - CBRE
The key individuals involved in this transaction include Benjamin Silver and Evan Fript, who represented the seller in the deal as brokers from CBRE. Their expertise facilitated the completion of this office property sale.
On the Map
$5,250,000
$333/SF
Office
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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
3.02%
Cash-on-Cash
-0.86%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93