EE Properties WPB LLC Acquires Palm Beach Business Center From 801 Northpoint LLC For $6.5M
801 Northpoint Parkway
$6,500,000
$307/SF
Building Size
21,150 SF
Asset Type
Office
Closing
Jun 12, 2025
AI
The office asset involved in this transaction is located at 801 Northpoint Parkway in West Palm Beach. The property spans 21,150 square feet and was acquired for $6,500,000, equating to a price per square foot of $307.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $6,500,000
- Square Footage: 21,150
- Address: 801 Northpoint Parkway
- Market: West Palm Beach
- Buyer: EE Properties WPB LLC
- Seller: 801 Northpoint LLC
- Broker: C. Todd Everett - Lee & Associates
C. Todd Everett from Lee & Associates brokered the off-market sale, representing both the buyer EE Properties WPB LLC and the seller 801 Northpoint LLC. The transaction was finalized on June 10, 2025, involving an office building that specializes in executive suites.
Players
West Palm Beach 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
2.44%
Cash-on-Cash
-0.70%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93