Ed Brown Acquires Office Building In West Palm Beach For $6.3M
4601 North Congress Avenue, West Palm Beach, FL, USA
$6,300,000
$247/SF
Building Size
25,453 SF
Asset Type
Office
Closing
Aug 31, 2021
About this deal
AI
The office property located at 4601 N Congress Avenue in West Palm Beach has been sold in a recent transaction. The property, with a total area of 25,453 square feet, was sold for a price of $6,300,000, resulting in a price per square foot of $248. The sale took place on August 31, 2021.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $6,300,000
- Address: 4601 N Congress Avenue, West Palm Beach
- Market: West Palm Beach
The buyer of the property was Ed Brown, while the seller was Joshua Hirth. Representing the seller in the transaction were Mark M. Rubin and Bastian Laggerbauer from Colliers International.
Please note that no additional information was provided regarding the transaction.
On the Map
$6,300,000
$247/SF
Office
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Players
West Palm Beach 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
2.52%
Cash-on-Cash
-0.72%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93