The Becker Organization Acquires Property At 1351 NW Boca Raton Blvd For $18.25M
1351 Northwest 2nd Avenue
$18,250,000
Building Size
—
Asset Type
Commercial
Closing
Jun 30, 2022
AI
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
Market Commercial Market Snapshot
Boundary boundary · Commercial · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.87%
Cash-on-Cash
-0.25%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93