facebook
Traded Co logo
Submit

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

Property Image
SOLD
$30,200,000
Achikam Yogev
Bastian Schauer
+ 1

Florida

See Similar Deals
Office94,965 SF
Sold 02/09/2023
the dealplayerscompscontact
Property Image
SOLD

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

2081-2085 Vista Parkway

See Similar Deals
Office94,965 SF
Sold 02/09/2023
Achikam Yogev
Bastian Schauer
+ 1
Contact now

Summary

FLORIDA
Asset Type:Office
Price Per Square Foot:$318
Total Square Footage:94,965 SF
Transaction Type:Sale

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
9 deals$393.9M volume
BROKER

Mark M. Rubin
Colliers
37 deals$896.8M volume(561) 302-2511
BROKER

Bastian Schauer
Colliers
42 deals$3B volume(561) 281-6656
BROKER

BUYER

William Keenan
5 deals$377.9M volume
SELLER

Details

SOLD
IMAGE: Mark M. Rubin, Bastian Laggerbauer, Achikam Yogev DATE: 02/09/2023 ADDRESS: 2081-2085 Vista Parkway MARKET: West Palm Beach ASSET TYPE: Office BUYER: Everglades College SELLER: Keenan Development Group - William Keenan SELLER'S REP: Mark M. Rubin (@Sofloinvestmentsales), Bastian Laggerbauer (@Bastian1992) & Achikam Yogev (@AchikamYogev)- Colliers International (@ColliersInternational) SALE PRICE: $30,200,000 SF: 94,965 ~ PPSF: $318

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)

$1,610,666.67

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$107,294.22
Cash-on-Cash Return-1.27%
Monthly Debt Service$143,163.41
Annual Debt Service$1,717,960.89