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4765 South Congress Avenue

Narayn Pillai Purchases Office At 4765 South Congress Avenue From Marlene Robinson For $1.7M
SOLDOffice

Narayn Pillai Purchases Office At 4765 South Congress Avenue From Marlene Robinson For $1.7M

4765 South Congress Avenue

$1,700,000

$348/SF

Building Size

4,885 SF

Asset Type

Office

Closing

Sep 4, 2025

AI

The property asset involved in the transaction is an office located at 4765 South Congress Avenue in Palm Springs. It encompasses a total area of 4,885 square feet and was sold for a price of $1,700,000, resulting in a price per square foot of $348.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: $1,700,000
  • Square Footage: 4,885
  • Price Per Square Foot: $348
  • Buyer: Narayn Pillai
  • Seller: Marlene Robinson
  • Brokers: Connor Anthony, Alexander Machado & Rob Goldberg - Matthews Real Estate Investment Services
  • Date of Transaction: 09/05/2025

The key individuals involved in the deal include Narayn Pillai, representing the buyer, and Marlene Robinson, representing the seller. The transaction was facilitated by Connor Anthony, Alexander Machado, and Rob Goldberg, who acted as brokers under Matthews Real Estate Investment Services.

Players

Rob Goldberg

Matthews

Broker

$107.3M

vol

25 deals

Broker
Matthews
Matthews Brokerage

Palm Springs 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

9.33%

Cash-on-Cash

-2.67%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93