Ondrej David & Marek Klaus Acquire Palm Beach Gardens Office For $4.65M
4100 RCA Blvd, Palm Beach Gardens, FL, USA
$4,650,000
$348/SF
Building Size
13,337 SF
Asset Type
Office
Closing
Sep 24, 2021
About this deal
AI
An office property located at 4100 RCA Blvd in Palm Beach Gardens has been sold in a recent transaction. The property spans approximately 13,337 square feet and was sold for a price of $4,650,000, resulting in a price per square foot of $349. The transaction took place on September 24, 2021.
Summary of transaction details
- Property Type: Office
- Transaction Amount: $4,650,000
- Address: 4100 RCA Blvd
- Market: Palm Beach Gardens
- Buyer: Ondrej David & Marek Klaus - ICP Capital
- Seller: Terence Watterson
- BROKERS: Bastian Laggerbauer & Mark Rubin - Colliers International
Ondrej David and Marek Klaus from ICP Capital were the buyers in this transaction, while Terence Watterson was the seller. The deal was facilitated by Bastian Laggerbauer and Mark Rubin from Colliers International. The property had an asking price of $4,950,000.
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
3.41%
Cash-on-Cash
-0.97%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93