Max Ducharme Of PMD Capital Management Acquires Office Assets In Melbourne For $5.575M
SOLD
$5,575,000
Florida
See Similar DealsOffice61,538 SF
Sold 08/28/2025
SOLD
Max Ducharme Of PMD Capital Management Acquires Office Assets In Melbourne For $5.575M
1775 West Hibiscus Boulevard & 129 West Hibiscus Boulevard
See Similar DealsOffice61,538 SF
Sold 08/28/2025
Summary
FLORIDA
Asset Type:Office
Price Per Square Foot:$90
Total Square Footage:61,538 SF
Transaction Type:Sale
The property asset involved is located at 1775 West Hibiscus Boulevard & 129 West Hibiscus Boulevard in Melbourne, and it comprises office space. The total sale price for this transaction was $5,575,000, with a total square footage of 61,535, resulting in a price per square foot of $90.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $5,575,000
- Sale Date: 8/28/2025
- Buyer: Max Ducharme - PMD Capital Management
- Seller: Jerry Levy
- Broker: Joe Rossi - Colliers
This transaction features prominent individuals where Max Ducharme represented PMD Capital Management as the buyer in the deal, while Joe Rossi from Colliers acted as the broker facilitating the transaction, representing the seller, Jerry Levy.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$297,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$19,806.81
Cash-on-Cash Return-1.27%
Monthly Debt Service$26,428.34
Annual Debt Service$317,140.13
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