The Becker Organization Acquires Property At 1351 NW Boca Raton Blvd For $18.25M
SOLD
$18,250,000
Florida
See Similar DealsCommercial
Sold 06/30/2022
SOLD
The Becker Organization Acquires Property At 1351 NW Boca Raton Blvd For $18.25M
1351 Northwest 2nd Avenue
See Similar DealsCommercial
Sold 06/30/2022
Summary
FLORIDA
Asset Type:Commercial
Transaction Type:Sale
The property involved in this transaction is located at 1351 NW Boca Raton BLVD, Boca Raton. The sale was finalized for a total price of $18,250,000. The property measures 0 square feet.
Summary of transaction details:
- Property Type: Sale
- Transaction Amount: $18,250,000.00
- Address: 1351 NW Boca Raton BLVD, Boca Raton
- Seller's Representative: Dominic Montazemi, Gregory (Greg) Miller, Jason Hochman - Cushman & Wakefield
- Buyer: The Becker Organization
The key individuals involved in this transaction include Dominic Montazemi, Gregory (Greg) Miller, and Jason Hochman, who represented the seller through Cushman & Wakefield. The buyer, The Becker Organization, was the entity acquiring the property in this closed transaction.
Players
BROKERAGE
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$973,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$64,838.41
Cash-on-Cash Return-1.27%
Monthly Debt Service$86,514.31
Annual Debt Service$1,038,171.73
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