Ashkenaz USA Acquires Beachway Professional Center In Bonita Springs For $14.4M
3301 Bonita Beach Rd SW Bonita Springs, FL 34134, USA
$14,400,000
$233/SF
Building Size
61,702 SF
Asset Type
Office
Closing
Jul 11, 2023
AI
Ashkenaz USA has purchased the fully occupied Beachway Professional Center in Bonita Springs for $14.4 million. The office building, located at 3301 Bonita Beach Road Southwest, spans 61,702 square feet and is situated in the Bonita Springs market.
Summary of transaction details
- Property Type: Office
- Transaction Amount: $14,400,000
- Address: 3301 Bonita Beach Road Southwest
- Market: Bonita Springs
- Square Footage: 61,702
The buyer, Ashkenaz USA, was represented by Rainer Filthaut of International Realty Corp. in the transaction. On the other hand, the seller, Beachway Professional Center, was represented by Dave Wallace and David Wallace from CRE Consultants. It is noteworthy that CRE Consultants also managed the leasing of the property.
Players
Miami 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
1.10%
Cash-on-Cash
-0.31%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93