Key International Sells 3.2 Acres Residential & Marina Property In Boca Raton For $145M
725 S Ocean Blvd, Boca Raton, FL, USA
$145,000,000
$42,422/SF
Building Size
3,418 SF
Asset Type
Co-Op
Closing
Sep 22, 2021
About this deal
AI
The property involved in this transaction is located at 725 S. Ocean Blvd in Boca Raton. It consists of residential and marina assets spanning across 3.2 acres. The sale price for this property was $145,000,000. The sellers in this transaction are Key International, Liliana Paez, Pedro Querejeta, Integra Investment, and Wexford Real Estate Investors.
Summary of transaction details
- Property Type: Residential & Marina
- Transaction Amount: $145,000,000
- Address: 725 S. Ocean Blvd
- Market: Boca Raton
- Acres: 3.2
Liliana Paez, Pedro Querejeta, Integra Investment, and Wexford Real Estate Investors were the key individuals and companies involved in this deal. They represented the seller, Key International, in the transaction.
Players
Boca Raton Co-Op Market Snapshot
Boundary boundary · Co-Op · Sale transactions
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Deal FAQ
About $42.4K per square foot on a published $145M for 3,418 square feet (2021).
Browse Florida co op sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.11%
Cash-on-Cash
-0.03%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93