Kyle Mannheimer & Alex Mannheimer Acquire Office Property In Stuart For $17.75M
800 SE Monterey Commons Blvd Stuart, FL 34996, USA
$17,750,000
$204/SF
Building Size
87,012 SF
Asset Type
Office
Closing
May 25, 2023
AI
An office property located at 800-1002 Southeast Monterey Commons Boulevard in the Stuart market has been sold. The property spans a total of 87,012 square feet and was sold for a price of $17,750,000, resulting in a price per square foot of $204. The transaction took place on May 25, 2023.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $17,750,000
- Address: 800-1002 Southeast Monterey Commons Boulevard
- Market: Stuart
Kyle Mannheimer and Alex Mannheimer from BPS Partners FL have acquired the property from Corsair Capital Corp. They were represented by Hunter Campbell from Bruner Group. On the other side, Jeffrey Chamberlin and Jaime Chamberlin from SLC Commercial acted as the representatives for the seller.
Players
Miami 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
0.89%
Cash-on-Cash
-0.26%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93