ABS National Business Acquires Office On PGA Boulevard In Palm Beach Gardens For $30.55M
3250 PGA Boulevard, Palm Beach Gardens, FL 33410
$30,550,000
$353/SF
Building Size
86,542 SF
Asset Type
Office
Closing
May 4, 2021
About this deal
AI
The office property located at 3250 PGA Boulevard in Palm Beach Gardens has been sold in a transaction worth $30,550,000. The property spans 86,542 square feet, resulting in a price per square foot of $353. The sale of this property was completed on 05/05/2021.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $30,550,000
- Address: 3250 PGA Boulevard, Palm Beach Gardens
- Market: Palm Beach Gardens
- Buyer: ABS National Business - Brian Warwick, Gregg Schenker & John Zirinsky
- Seller: Stiles
- Brokers: Christian Lee, José Lobón, Kevin Probel & Kevin McCarthy - CBRE
The buyer representation in this deal was provided by Brian Warwick, Gregg Schenker, and John Zirinsky from ABS National Business. On the other hand, the seller was Stiles. The transaction was facilitated by Christian Lee, José Lobón, Kevin Probel, and Kevin McCarthy from CBRE.
On the Map
$30,550,000
$353/SF
Office
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Players
Palm Beach Gardens 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
0.52%
Cash-on-Cash
-0.15%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93