Excelsior Capital Sells Office Asset At 4400 Congress Avenue In West Palm Beach For $8.75M
4400 Congress Avenue
$8,750,000
$209/SF
Building Size
41,861 SF
Asset Type
Office
Closing
Dec 16, 2025
AI
The property asset involved in the transaction is an office located at 4400 Congress Avenue in West Palm Beach. The sale price for the property was $8,750,000, and it encompasses a total of 41,861 square feet, resulting in a price per square foot of $209.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $8,750,000
- Address: 4400 Congress Avenue
- Market: West Palm Beach
- Seller: Excelsior Capital
- Brokers: Benjamin Silver & Evan Fript - CBRE
- Square Footage: 41,861
- Price Per Square Foot: $209
The individuals involved in the deal are Benjamin Silver and Evan Fript, who represented the seller, Excelsior Capital, in this transaction through their agency, CBRE.
West Palm Beach 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
1.81%
Cash-on-Cash
-0.52%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93