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CS Ventures Acquires Office Property On Palm Beach's Royal Palm Way For $35M

Property Image
SOLD
$35,000,000
Michael Roukis
Blake Koletic
Matthew (Matt) McCormack
+ 3

Florida

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Office44,625 SF
Sold 04/12/2022
the dealplayerscompscontact
Property Image
SOLD

CS Ventures Acquires Office Property On Palm Beach's Royal Palm Way For $35M

340 Royal Palm Way, Palm Beach, Florida 33480, United States

See Similar Deals
Office44,625 SF
Sold 04/12/2022
Michael Roukis
Blake Koletic
Matthew (Matt) McCormack
+ 3
the dealplayerscompscontact
Contact now

Summary

FLORIDA
Asset Type:Office
Price Per Square Foot:$784
Total Square Footage:44,625 SF
Transaction Type:Sale

CS Ventures has purchased an office building located at 340 & 350 Royal Palm Way in Palm Beach. The property spans 44,625 square feet and was sold for a total of $35,000,000. This translates to a price per square foot of $784. The transaction took place on April 12, 2022. The seller of the property was Pearlmark.

Summary of transation details

  • Property Type: Office
  • Transaction Amount: $35,000,000
  • Date: April 12, 2022
  • Address: 340 & 350 Royal Palm Way
  • Market: Palm Beach

The deal was facilitated by the brokers Ike Ojala, Hermen Rodriguez, Matthew McCormack, Max Lescano, Blake Koletic, and Michael Roukis from JLL. They represented both the buyer, CS Ventures, and the seller, Pearlmark.

Players

Hermen Rodriguez
JLL
Hermen Rodriguez
23 deals$1.8B volume(305) 448-5332
BROKER
Ike Ojala
JLL
Ike Ojala
25 deals$2B volume(305) 774-6810
BROKER
Matthew (Matt) McCormack
JLL
Matthew McCormack
31 deals$2.8B volume
BROKER
Max Lescano
JLL
Max Lescano
10 deals$982.9M volume(954) 812-6234
BROKER
Blake Koletic
JLL
Blake Koletic
17 deals$1.5B volume
BROKER
Michael Roukis
JLL
Michael Roukis
2 deals$478M volume
BROKER
CV
CS Ventures
BUYER
P
Pearlmark
SELLER

Details

SOLD
IMAGE: Ike Ojala, Hermen Rodriguez & Matthew McCormack DATE: 04/12/2022 ADDRESS: 340 & 350 Royal Palm Way MARKET: Palm Beach ASSET TYPE: Office BUYER: CS Ventures SELLER: Pearlmark BROKERS: Ike Ojala, Hermen Rodriguez, Matthew McCormack, Max Lescano, Blake Koletic & Michael Roukis - JLL (@Jll) SALE PRICE: $35,000,000 SF: 44,625 ~ PPSF: $784

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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

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Cap Rate

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