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Eric Levitt Sells Tequesta Office Building For $4.15M With Robert (Rob) Hamman Of SVN As Buyer's Rep

Property Image
SOLD
$4,150,000
Mark M. Rubin
Bastian Schauer
+ 1

Florida

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Office17,467 SF
Sold 01/26/2023
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Property Image
SOLD

Eric Levitt Sells Tequesta Office Building For $4.15M With Robert (Rob) Hamman Of SVN As Buyer's Rep

218 Us Route 1

See Similar Deals
Office17,467 SF
Sold 01/26/2023
Mark M. Rubin
Bastian Schauer
+ 1
Contact now

Summary

FLORIDA
Asset Type:Office
Price Per Square Foot:$237
Total Square Footage:17,467 SF
Transaction Type:Sale

The office property located at 218 Us Route 1 in Tequesta has been sold. The transaction was completed on 01/26/2023 for a total sale price of $4,150,000. The property spans a total area of 17,467 square feet, resulting in a price per square foot of $238.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: $4,150,000
  • Address: 218 Us Route 1, Tequesta
  • Market: Tequesta

Eric Levitt was the seller of the property. On the buyer's side, Robert (Rob) Hamman from SVN represented the purchasing party. Bastian Laggerbauer and Mark M. Rubin from Colliers International served as the seller's representatives in the deal.

Players

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

Robert (Rob) Hamman
SVN
3 deals$4.2M volume
BROKER

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

Eric M. Levitt
EML Realty Partners
13 deals$63M volume
SELLER

Details

SOLD
IMAGE: Eric Levitt, Bastian Laggerbauer, Mark M. Rubin & Robert (Rob) Hamman DATE: 01/26/2023 ADDRESS: 218 Us Route 1 MARKET: Tequesta ASSET TYPE: Office SELLER: Eric Levitt BUYER'S REP: Robert (Rob) Hamman - SVN (@SVNMiami) SELLER'S REP: Bastian Laggerbauer (@Bastian1992) & Mark M. Rubin (@Sofloinvestmentsales) - Colliers International (@ColliersInternational) SALE PRICE: $4,150,000 SF: 17,467 ~ PPSF: $238

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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$14,744.08
Cash-on-Cash Return-1.27%
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