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1351 Northwest 2nd Avenue

The Becker Organization Acquires Property At 1351 NW Boca Raton Blvd For $18.25M
SOLDCommercial

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:

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

Dominic Montazemi

Cushman & Wakefield

Broker

$4.2B

vol

90 deals

Broker
Newmark
NewmarkBrokerage

Market Commercial Market Snapshot

Boundary boundary · Commercial · Sale transactions

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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