Michael Hand & Kelly Kort Acquire Land In Boca Raton For $3.3M
17175 Brulee Breeze Way, Boca Raton, FL, USA
$3,291,531
$190/SF
Building Size
17,324 SF
Asset Type
—
Closing
Aug 11, 2021
AI
17175 Brulee Breeze Way in Boca Raton has been sold for $3,291,531. The property is a land asset and was sold on 08/12/2021. The buyer of the property is Michael Hand & Kelly Kort, while the seller is Richard M. Norwalk.
Summary of transaction details
- Property Type: Land
- Transaction Amount: $3,291,531
- Address: 17175 Brulee Breeze Way, Boca Raton
- Market: Boca Raton
Michael Hand & Kelly Kort have acquired the land property at 17175 Brulee Breeze Way from Richard M. Norwalk. No additional information regarding the transaction is available.
Players
Boca Raton CRE Market Snapshot
Boundary boundary · CRE · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
4.82%
Cash-on-Cash
-1.38%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93