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1041 45th Street

The Breakers Palm Beach Acquires Package Deal From East West Bank For $11.575M
SOLDPackage Deal

The Breakers Palm Beach Acquires Package Deal From East West Bank For $11.575M

1041 45th Street & 1021 45th Street

$11,575,000

$202/SF

Building Size

57,036 SF

Asset Type

Package Deal

Closing

Mar 24, 2026

AI

A package deal consisting of two properties located at 1041 45th Street and 1021 45th Street in West Palm Beach was sold for $11,575,000. The total square footage of the properties is 57,036, resulting in a price per square foot of $203.

Summary of transaction details:

  • Property Type: Package Deal
  • Transaction Amount: $11,575,000
  • Address: 1041 45th Street & 1021 45th Street
  • Market: West Palm Beach
  • Buyer: The Breakers Palm Beach
  • Seller: East West Bank
  • Seller's Representatives: Bastian Schauer, Mark M. Rubin & Ryan Buckner - Colliers

The transaction involved key participants such as The Breakers Palm Beach as the buyer and East West Bank as the seller. The representatives from Colliers, Bastian Schauer, Mark M. Rubin, and Ryan Buckner, facilitated the deal on behalf of the seller.

Players

Mark M. Rubin

Colliers

Broker

$896.8M

vol

37 deals

Broker
East West Bank
East West BankSeller

Mangonia Park Package Deal Market Snapshot

Boundary boundary · Package Deal · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

1.37%

Cash-on-Cash

-0.39%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93