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
About this deal
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
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