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611 Southwest Federal Highway

Jeremiah Baron Acquires Office Building In Stuart For $2.1M
SOLDOffice

Jeremiah Baron Acquires Office Building In Stuart For $2.1M

611 Southwest Federal Highway

$2,100,000

$152/SF

Building Size

13,785 SF

Asset Type

Office

Closing

Jan 31, 2024

AI

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

Marcus & Millichap

Broker

$48.9M

vol

6 deals

Broker

Stuart 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

7.55%

Cash-on-Cash

-2.16%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93