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2828 South Seacrest Boulevard

Echo Real Estate Acquires Office In Boynton Beach From ShareMD For $11.425M
SOLDOffice

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

Miguel Alcivar

Cushman & Wakefield

Broker

$965.1M

vol

39 deals

Broker
S
ShareMDSeller

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