facebook

traded

+ Submit
Home

/

Deals

/

Florida

/

Office

/

Sale

/

2081-2085 Vista Parkway

Everglades College Acquires Office Building In West Palm Beach For $30.2M
SOLDOffice

Everglades College Acquires Office Building In West Palm Beach For $30.2M

2081-2085 Vista Parkway

$30,200,000

$318/SF

Building Size

94,965 SF

Asset Type

Office

Closing

Feb 9, 2023

AI

Everglades College has acquired an office property located at 2081-2085 Vista Parkway in West Palm Beach. The property was sold by Keenan Development Group, represented by Mark M. Rubin, Bastian Laggerbauer, and Achikam Yogev from Colliers International. The transaction took place on February 9, 2023, for a total sale price of $30,200,000. The office building spans approximately 94,965 square feet, resulting in a price per square foot of $318.

Summary of transaction details

  • Property Type: Office
  • Transaction Amount: $30,200,000
  • Address: 2081-2085 Vista Parkway, West Palm Beach
  • Market: West Palm Beach
  • Buyer: Everglades College
  • Seller: Keenan Development Group - William Keenan
  • Seller's Rep: Mark M. Rubin, Bastian Laggerbauer, and Achikam Yogev - Colliers International
  • SF: 94,965
  • PPSF: $318

Mark M. Rubin, Bastian Laggerbauer, and Achikam Yogev from Colliers International represented the seller, Keenan Development Group, in this transaction. The acquisition of the office property by Everglades College marks a significant deal for both parties involved.

Players

Achikam Yogev

Colliers

Broker

$393.9M

vol

9 deals

Broker
EC
Everglades CollegeBuyer
William Keenan

William Keenan

Keenan Development

Seller

$377.9M

vol

5 deals

Seller

Market Office Market Snapshot

Boundary boundary · Office · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.53%

Cash-on-Cash

-0.15%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93