L. Hudson Myer Properties LLC Sells Palm Beach Gardens Office For $15.5M
4300 Tbc Way, Palm Beach Gardens, Florida 33410, United States
$15,500,000
$349/SF
Building Size
44,415 SF
Asset Type
Office
Closing
Oct 22, 2022
About this deal
AI
The office property located at 4300 TBC Way in Palm Beach Gardens has been sold for a total of $15,500,000. The property spans across 44,415 square feet, resulting in a price per square foot of $349. The sale took place on October 23, 2022.
Summary of transaction details
- Property Type: Office
- Transaction Amount: $15,500,000
- Address: 4300 TBC Way, Palm Beach Gardens
- Market: Palm Beach Gardens
- Broker: Douglas K. Mandel, Tyler Kuhlman, and Zachary Levine - Institutional Property Advisors (IPA) - Marcus & Millichap
The seller of the property is L. Hudson Myer Properties LLC. The transaction was facilitated by brokers Douglas K. Mandel, Tyler Kuhlman, and Zachary Levine from Institutional Property Advisors (IPA) - Marcus & Millichap.
Players
Palm Beach Gardens Office Market Snapshot
Boundary boundary · Office · Sale transactions
Loading comparables…
Deal FAQ
Visit Zach Levine to view all their deals.
Browse Florida office sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.02%
Cash-on-Cash
-0.29%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93