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
Boca Raton CRE Market Snapshot
Boundary boundary · CRE · Loan transactions
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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