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
About this deal
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.
On the Map
$10,430,000
$251/SF
Office
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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