Andiamo Capital Acquires Office Building At 3001 Pga Boulevard In Palm Beach Gardens For $30.3M
SOLD
$30,300,000
Florida
See Similar DealsOffice66,864 SF
Sold 12/12/2024
SOLD
Andiamo Capital Acquires Office Building At 3001 Pga Boulevard In Palm Beach Gardens For $30.3M
3001 Pga Boulevard
See Similar DealsOffice66,864 SF
Sold 12/12/2024
Summary
FLORIDA
Asset Type:Office
Price Per Square Foot:$453
Total Square Footage:66,864 SF
Transaction Type:Sale
The property asset involved in the transaction is an office located at 3001 Pga Boulevard in Palm Beach Gardens. The sale price of the asset was $30,300,000, encompassing a total square footage of 66,864. The price per square foot calculated for this transaction is $453.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $30,300,000
- Address: 3001 Pga Boulevard
- Market: Palm Beach Gardens
- Square Footage: 66,864
- Price Per Square Foot: $453
- Buyer: Andiamo Capital
- Seller: Robert Owens & Palmer Vietor - Owens Realty Services
The transaction was represented on the seller's side by Robert Owens and Palmer Vietor from Owens Realty Services, who facilitated the deal with the buyer, Andiamo Capital.
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$1,615,999.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$107,649.51
Cash-on-Cash Return-1.27%
Monthly Debt Service$143,637.46
Annual Debt Service$1,723,649.50
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