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1300 Concord Terrace

Jacques Bessoudo And Jonathan Slomianski Of Galium Capital Buy Office In Sunrise For $17M
SOLDOffice

Jacques Bessoudo And Jonathan Slomianski Of Galium Capital Buy Office In Sunrise For $17M

1300 Concord Terrace

$17,000,000

$132/SF

Building Size

128,550 SF

Asset Type

Office

Closing

Sep 23, 2024

AI

The asset involved in this transaction is an office property located at 1300 Concord Terrace in the Sunrise market. The sale was executed for a total price of $17,000,000, encompassing a total area of 128,550 square feet, resulting in a price per square foot of $132.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: $17,000,000
  • Square Footage: 128,550
  • Price Per Square Foot: $132
  • Buyer: Jacques Bessoudo & Jonathan Slomianski - Galium Capital
  • Seller: Barings
  • Broker: Christian Lee - CBRE

This transaction was facilitated by the broker Christian Lee representing the seller Barings. The promotion of collaboration between the buyers Jacques Bessoudo and Jonathan Slomianski reflects their interest in expanding Galium Capital's portfolio through this acquisition.

Players

Christian Lee

CBRE

Broker

$2.2B

vol

29 deals

Broker

Sunrise 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

0.93%

Cash-on-Cash

-0.27%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93