Jeremiah Baron Acquires Office Building In Stuart For $2.1M
SOLD
Florida
See Similar DealsOffice13,785 SF
Sold 01/31/2024
SOLD
Jeremiah Baron Acquires Office Building In Stuart For $2.1M
611 Southwest Federal Highway
See Similar DealsOffice13,785 SF
Sold 01/31/2024
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.
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Deal Type
30 years
10 years
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
Annual Debt Service$119,460.86
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