Echo Real Estate Acquires Office In Boynton Beach From ShareMD For $11.425M
2828 South Seacrest Boulevard
$11,425,000
$190/SF
Building Size
60,024 SF
Asset Type
Office
Closing
Jan 20, 2026
AI
The asset involved in the transaction is an office property located at 2828 South Seacrest Boulevard and 5353 North Federal Highway within the Boynton Beach & Fort Lauderdale market. The sale occurred at a price of $11,425,000, covering a total of 60,024 square feet at a price per square foot of $190.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $11,425,000
- Square Footage: 60,024
- Price Per Square Foot: $190
- Buyer: Echo Real Estate
- Seller: ShareMD
- Brokers: Scott O'Donnell, Michael (Mike) Ciadella, Greg Miller, Miguel Alcivar, Gino J. Lollio & Travis Ives - Cushman & Wakefield
The transaction involved key representatives from Cushman & Wakefield, with multiple brokers facilitating the deal. The collaborative efforts of Scott O'Donnell, Michael Ciadella, Greg Miller, Miguel Alcivar, Gino J. Lollio, and Travis Ives played an integral role in the completion of this transaction.
Players
Boynton Beach 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
1.39%
Cash-on-Cash
-0.40%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93