Updated Oct 29, 2024
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
About this deal
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
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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