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1701 Jimmy Buffett Memorial...

Max Ducharme Of PMD Capital Management Acquires Office In Vero Beach For $8.5M
SOLDOffice

Max Ducharme Of PMD Capital Management Acquires Office In Vero Beach For $8.5M

1701 Jimmy Buffett Memorial Highway

$8,500,000

$238/SF

Building Size

35,668 SF

Asset Type

Office

Closing

Jun 30, 2026

AI

The property asset involved in this transaction is an office located at 1701 Jimmy Buffett Memorial Highway in Vero Beach. The sale price for this asset was $8,500,000, with a total square footage of 35,668, resulting in a price per square foot of $238.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: $8,500,000
  • Buyer: Max Ducharme - PMD Capital Management
  • Seller: Paula Delaplane
  • Date of Transaction: 07/01/2026
  • Market: Vero Beach
  • Square Footage: 35,668
  • Price Per Square Foot: $238

This transaction involved Max Ducharme representing PMD Capital Management as the buyer and Paula Delaplane as the seller. Each party played a crucial role in facilitating the transition of ownership for the property.

Players

Max Ducharme

PMD Capital Management

Buyer

$57.6M

vol

5 deals

Buyer

Market Office Market Snapshot

Boundary boundary · Office · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

1.87%

Cash-on-Cash

-0.53%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93