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
About this deal
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.
On the Map
$16,800,000
$481/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
0.94%
Cash-on-Cash
-0.27%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93