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218 Us Route 1

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

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

218 Us Route 1

$4,150,000

$237/SF

Building Size

17,467 SF

Asset Type

Office

Closing

Jan 26, 2023

AI

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

Colliers

Broker

$896.8M

vol

37 deals

Broker
Eric M. Levitt

Eric M. Levitt

EML Realty Partners

Seller

$63M

vol

13 deals

Seller

Tequesta 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

3.82%

Cash-on-Cash

-1.09%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93