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800 SE Monterey Commons Blv...

Kyle Mannheimer & Alex Mannheimer Acquire Office Property In Stuart For $17.75M
SOLDOffice

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

Jeffrey Chamberlin

SLC Commercial

Broker

$26.8M

vol

2 deals

Broker

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