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
About this deal
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.
On the Map
$1,700,000
$348/SF
Office
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Players
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