facebook

traded

+ Submit
Home

/

Deals

/

Florida

/

Office

/

Sale

/

3507 Kyoto Gardens Drive, P...

Levy Realty Advisors Acquires Palm Beach Gardens Office For $16.8M
SOLDOffice

Levy Realty Advisors Acquires Palm Beach Gardens Office For $16.8M

3507 Kyoto Gardens Drive, Palm Beach Gardens, FL, USA

$16,800,000

$481/SF

Building Size

34,867 SF

Asset Type

Office

Closing

Oct 20, 2021

AI

Located in Palm Beach Gardens, the office property at 3507 Kyoto Gardens Drive has been sold in a recent transaction. The property spans approximately 34,867 square feet and was sold for a price of $16,800,000, resulting in a price per square foot of $482. The sale took place on October 21, 2021.

Summary of transaction details

  • Property Type: Office
  • Transaction Amount: $16,800,000
  • Address: 3507 Kyoto Gardens Drive
  • Market: Palm Beach Gardens

Levy Realty Advisors, represented by David Dimston and Amy Berko Illes, acquired the property from TA Realty. On the buyer's side, Alan Levy from Levy Realty Advisors served as the representative. Scott O’Donnell and Mike Ciadella from Cushman & Wakefield represented the seller, TA Realty, in the transaction.

Players

Scott O'Donnell

Cushman & Wakefield

Broker

$581M

vol

32 deals

Broker
TA Realty
TA RealtySeller

Palm Beach Gardens Office Market Snapshot

Boundary boundary · Office · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.94%

Cash-on-Cash

-0.27%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93