Biscayne Advisors Represents Buyer In $10.4M Office Sale In West Palm Beach
2005 Vista Parkway
$10,430,000
$251/SF
Building Size
41,400 SF
Asset Type
Office
Closing
Aug 17, 2022
AI
The office property located at 2005 Vista Parkway in West Palm Beach has been sold in a recent transaction. The property spans 41,400 square feet and was sold for a price of $10,430,000. The sale price equates to $252 per square foot.
Summary of transaction details
- Property Type: Office
- Transaction Amount: $10,430,000
- Square Footage: 41,400
- Price per Square Foot: $252
- Address: 2005 Vista Parkway, West Palm Beach
Yishai Sinai from Biscayne Advisors served as the buyer's representative in the transaction, while Joseph P. Byrnes and Brian Batchelder from Berger Commercial Realty / CORFAC International represented the seller.
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
1.52%
Cash-on-Cash
-0.43%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93