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Jeremiah Baron Acquires Office Building In Stuart For $2.1M

Property Image
SOLD
$2,100,000

Florida

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Office13,785 SF
Sold 01/31/2024
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Property Image
SOLD

Jeremiah Baron Acquires Office Building In Stuart For $2.1M

611 Southwest Federal Highway

See Similar Deals
Office13,785 SF
Sold 01/31/2024
Contact now

Summary

FLORIDA
Asset Type:Office
Price Per Square Foot:$152
Total Square Footage:13,785 SF
Transaction Type:Sale

Jeremiah Baron has purchased an office property located at 611 Southwest Federal Highway in Stuart. The property was sold by Alan Friedrich for a total price of $2,100,000. The office building spans a total area of 13,785 square feet, resulting in a price per square foot of $152.

Summary of transaction details

  • Property Type: Office
  • Transaction Amount: $2,100,000
  • SF: 13,785
  • PPSF: $152

The sale of the property was facilitated by Dylan Morse and Howard Bregman from Marcus & Millichap, who represented both the buyer, Jeremiah Baron, and the seller, Alan Friedrich.

Players

Howard Bregman
6 deals$48.9M volume(954) 245-3417
BROKER

Dylan Morse
Franklin Street
8 deals$39.1M volume(954) 820-7455
BROKER

Details

SOLD
IMAGE: Dylan Morse & Howard Bregman DATE: 01/31/2024 ADDRESS: 611 Southwest Federal Highway MARKET: Stuart ASSET TYPE: Office BUYER: Jeremiah Baron SELLER: Alan Friedrich BROKERS: Dylan Morse (@Dylan_morse) & Howard Bregman - Marcus & Millichap (@MarcusMillichapinc) SALE PRICE: $2,100,000 SF: 13,785 ~ PPSF: $152

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$112,000.01

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$7,460.85
Cash-on-Cash Return-1.27%
Monthly Debt Service$9,955.07
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