Diagnostic Centers Of America Acquires Office Building On PGA Boulevard In Palm Beach Gardens For $15M
3601 PGA Boulevard, Palm Beach Gardens, FL 33410, USA
$15,000,000
$323/SF
Building Size
46,334 SF
Asset Type
Office
Closing
Aug 5, 2020
AI
The office property located at 3601 PGA Boulevard in Palm Beach Gardens has been sold for a price of $15,000,000. The transaction was completed on August 6, 2020, with MB Properties acting as the seller and Diagnostic Centers of America as the buyer. The property spans across 46,334 square feet, resulting in a price per square foot of $324.
Summary of transation details
- Property Type: Office
- Transaction Amount: $15,000,000
- Address: 3601 PGA Boulevard, Palm Beach Gardens
- Market: Palm Beach Gardens
The deal was facilitated by Anthony Librizzi of Cushman & Wakefield, representing both the seller, MB Properties, and the buyer, Diagnostic Centers of America.
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
1.06%
Cash-on-Cash
-0.30%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93