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
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