Office · West Palm Beach
Phillips Point (777 South Flagler Drive)
—, West Palm Beach
Verified
sourcedmodeled1 of 6 sourced
Ownership & debt
Ownership chain & debt stack
Owner of record: Related Ross (acquired 2021 via Related-affiliated entity).
1 recorded holder · 2 beneficial owners · chain resolves 2 levels, with each holder's interest percentage and class.
2 debt tranches on file — lender, principal, rate and maturity.
Financials
Financial model
Effective gross income, operating expenses, DSCR, cash-on-cash, mark-to-market and replacement cost — the income side of the underwrite.
Tenants & leasing
Tenant roster & leasing
5 tenants of record, with GLA, floor, lease expiration and base rent — plus occupancy, WALT and the rollover stack.
Underwriting
Underwriting
Unlevered and levered IRR, equity multiple, exit math and a live sensitivity grid — built on the NOI, the debt stack and the rent roll above.
Provenance footnotes
- Current value: Single source — PROFILEmiami · https://profilemiamire.com/miamirealestate/2021/1/8/related-companies-to-acquire-the-phillips-point-office-complex-in-west-palm-beach · observed 2021
- $/SF: Estimated — no sourced claim on file.
- GLA: Estimated — no sourced claim on file.
- Ownership — Related Ross (acquired 2021 via Related-affiliated entity): Single source — relatedross.com · https://www.relatedross.com/office/phillips-point
Modeled figures — LTV, debt yield, DSCR, cash-on-cash, occupancy, WALT, tenant concentration are derived arithmetic, not sourced claims. Not investment advice.
Anchoring begins when the asset enters the live ledger.