Narayn Pillai Purchases Office At 4765 South Congress Avenue From Marlene Robinson For $1.7M
SOLD
$1,700,000
Florida
See Similar DealsOffice4,885 SF
Sold 09/05/2025
SOLD
Narayn Pillai Purchases Office At 4765 South Congress Avenue From Marlene Robinson For $1.7M
4765 South Congress Avenue
See Similar DealsOffice4,885 SF
Sold 09/05/2025
Summary
FLORIDA
Asset Type:Office
Price Per Square Foot:$348
Total Square Footage:4,885 SF
Transaction Type:Sale
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
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Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$90,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$6,039.73
Cash-on-Cash Return-1.27%
Monthly Debt Service$8,058.87
Annual Debt Service$96,706.41
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