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200 Southeast Mizner Boulevard

Alina Residences Boca Raton Sells Development Site On SE Mizner Blvd In Boca Raton For $304.5M
SOLDDevelopment Site

Alina Residences Boca Raton Sells Development Site On SE Mizner Blvd In Boca Raton For $304.5M

200 Southeast Mizner Boulevard

$304,541,822

$776/SF

Building Size

392,040 SF

Asset Type

Development Site

Closing

Aug 25, 2022

AI

200 SE Mizner Blvd - Alina Residences Boca Raton Phase I, located in Boca Raton, is a development site that was recently sold for $304,541,822. The property has a total square footage of 392,040, with a price per square foot of $777. The building's square footage is 332,693, and the price per building square foot is $915.

Summary of transaction details:

  • Property Type: Development Site
  • Transaction Amount: $304,541,822
  • Building Square Footage: 332,693
  • Price per Building Square Foot: $915
  • Total Square Footage: 392,040
  • Price per Square Foot: $777
  • Address: 200 SE Mizner Blvd - Alina Residences Boca Raton Phase I, Boca Raton
  • Market: Boca Raton

The seller of the property was Alina Residences Boca Raton, and the transaction was facilitated by brokers Rochelle Lecavalier, Alejandro Salazar (@Cpt_Salazar), and Kathy Koch Pitlake from Douglas Elliman.

Players

Alejandro Salazar

Douglas Elliman

Broker

$317.7M

vol

4 deals

Broker
BR
Boca RatonSeller

Boca Raton Development Site Market Snapshot

Boundary boundary · Development Site · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.05%

Cash-on-Cash

-0.01%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93