Updated Oct 29, 2024
Integra Investments Acquires Development Site In Boca Raton For $12.6M
2600 Northwest 5th Avenue
$12,600,000
Building Size
—
Asset Type
Development Site
Closing
Dec 23, 2022
About this deal
AI
A development site located at 2600 Northwest 5th Avenue in Boca Raton has been sold for $12,600,000. The transaction took place on December 23, 2022. The property was acquired by Integra Investments from Wanxiang America Real Estate Group.
Summary of transation details
- Property Type: Development Site
- Transaction Amount: $12,600,000
- Address: 2600 Northwest 5th Avenue, Boca Raton
- Market: Boca Raton
The deal was facilitated by Jaret Turkell, Roberto Pesant, Omar Morales, Jose Mota, Scott Wadler, and Yoav Yuhjtman from Berkadia, who acted as the brokers representing both the buyer, Integra Investments, and the seller, Wanxiang America Real Estate Group.
On the Map
$12,600,000
Development Site
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Boca Raton Development Site Market Snapshot
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.26%
Cash-on-Cash
-0.36%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93