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300 Southeast Mizner Boulev...

El-Ad National Properties Acquires Condo In Boca Raton For $52.8M
FINANCED

El-Ad National Properties Acquires Condo In Boca Raton For $52.8M

300 Southeast Mizner Boulevard, Boca Raton, FL, USA

$52,800,000

$20,754/SF

Building Size

2,544 SF

Asset Type

Closing

Jul 13, 2021

AI

A condominium located at 300 Southeast Mizner Boulevard in Boca Raton has recently been involved in a closed transaction. The property, consisting of 121 units, was the subject of a loan.

Summary of transaction details

  • Property Type: Condo
  • Transaction Amount: $52,800,000
  • Address: 300 Southeast Mizner Boulevard, Boca Raton
  • Market: Boca Raton

The loan for this transaction was provided by Deutsche Bank. El-Ad National Properties, represented by Isaac Tshuva, served as the landlord in this deal.

This transaction demonstrates the continued investment and activity in the real estate market in Boca Raton. The involvement of prominent entities such as Deutsche Bank and El-Ad National Properties further highlights the significance of this deal.

Players

Deutsche Bank
Deutsche BankLender

Yitzhak Tshuva

El-Ad National Properties

Landlord

$628.6M

vol

9 deals

Landlord

Boca Raton CRE Market Snapshot

Boundary boundary · CRE · Loan transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.30%

Cash-on-Cash

-0.09%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93