facebook
Traded Co logo
Submit

Biscayne Advisors Represents Buyer In $10.4M Office Sale In West Palm Beach

Property Image
SOLD
$10,430,000

Florida

See Similar Deals
Office41,400 SF
Sold 08/17/2022
the dealplayerscompscontact
Property Image
SOLD

Biscayne Advisors Represents Buyer In $10.4M Office Sale In West Palm Beach

2005 Vista Parkway

See Similar Deals
Office41,400 SF
Sold 08/17/2022
Contact now

Summary

FLORIDA
Asset Type:Office
Price Per Square Foot:$251
Total Square Footage:41,400 SF
Transaction Type:Sale

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

Brian Batchelder
5 deals$35M volume
BROKER

Joseph P. Byrnes
Berger Commercial Realty
5 deals$26.5M volume
BROKER

Yishai Sinai
Biscayne Advisors
16 deals$93.5M volume(305) 707-1646
BROKER

Details

SOLD
IMAGE: Yishai Sinai, Joseph P. Byrnes & Brian Batchelder DATE: 08/17/2022 ADDRESS: 2005 Vista Parkway MARKET: West Palm Beach ASSET TYPE: Office BUYER'S REP: Yishai Sinai - Biscayne Advisors (@BiscayneAdvisors) SELLER'S REP: Joseph P. Byrnes & Brian Batchelder - Berger Commercial Realty (@BergerCommercialRealty)/ CORFAC International (@Corfac) SALE PRICE: $10,430,000 SF: 41,400 ~ PPSF: $252 .Byrnes

Stay in the Know

Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.

By subscribing, you agree to our Terms of Service and Privacy Policy.

Similar Deals

Contact

Get in touch with the broker you want

Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$556,266.67

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$37,055.58
Cash-on-Cash Return-1.27%
Monthly Debt Service$49,443.52
Annual Debt Service$593,322.25