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
Tequesta 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
3.82%
Cash-on-Cash
-1.09%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93