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.
Market 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
1.87%
Cash-on-Cash
-0.53%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93