Dennis Ryan Acquires Office Asset From Ben Suiskind In Boynton Beach For $5M
SOLD
$5,000,000
Florida
See Similar DealsOffice21,732 SF
Sold 07/06/2025
SOLD
Dennis Ryan Acquires Office Asset From Ben Suiskind In Boynton Beach For $5M
2600 Quantum Boulevard
See Similar DealsOffice21,732 SF
Sold 07/06/2025
Summary
FLORIDA
Asset Type:Office
Price Per Square Foot:$230
Total Square Footage:21,732 SF
Transaction Type:Sale
The asset involved in this transaction is an office property located at 2600 Quantum Boulevard in Boynton Beach. The sale price for the property was $5,000,000, encompassing a total square footage of 21,732, which calculates to a price per square foot of $230.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $5,000,000
- Address: 2600 Quantum Boulevard
- Market: Boynton Beach
- Square Footage: 21,732
- Price per Square Foot: $230
- Buyer: Dennis Ryan
- Seller: Ben Suiskind
- Brokers: Connor Anthony, Alexander Machado & Rob Goldberg - Matthews Real Estate Investment Services
This transaction involves key participants including the buyer, Dennis Ryan, and the seller, Ben Suiskind. The deal was facilitated by the brokerage team from Matthews Real Estate Investment Services, comprised of Connor Anthony, Alexander Machado, and Rob Goldberg, representing the interests of the involved parties.
Players
BROKERAGE
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$266,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$17,763.94
Cash-on-Cash Return-1.27%
Monthly Debt Service$23,702.55
Annual Debt Service$284,430.61
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