Stephen Ross Of Related Ross Acquires 221661 SF Office Tower In West Palm Beach From Bernstein And Elbaum
250 South Australian Avenue
Building Size
221,661 SF
Asset Type
Office
Closing
Nov 20, 2025
About this deal
AI
The property asset involved in this transaction is an office building located at 250 South Australian Avenue in West Palm Beach, encompassing a total square footage of 221,661 and situated on 2.9 acres of land. The asset is currently under contract.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: Under Contract
- Buyer: Stephen Ross - Related Ross
- Seller: Jeffrey Bernstein & Laurence Elbaum - Bradford Allen
- Date: 11/20/2025
- Market: West Palm Beach
- Square Footage: 221,661
- Acres: 2.9
Stephen Ross, leading Related Ross, is acquiring the One Clearlake office tower just six months after its last trade. The acquisition is part of a strategic effort to expand the firm's presence in downtown West Palm Beach, which includes a series of significant investments and major lease agreements across its local portfolio this year.
Players
West Palm Beach Office Market Snapshot
Boundary boundary · Office · Sale transactions
Loading comparables…
Deal FAQ
Browse West Palm Beach office sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93