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2600 Northwest 5th Avenue

Integra Investments Acquires Development Site In Boca Raton For $12.6M
SOLDDevelopment Site

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

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.

Players

Scott Wadler

Berkadia

Broker

$10.2B

vol

167 deals

Broker
Integra Investments
Integra InvestmentsBuyer

Boca Raton Development Site Market Snapshot

Boundary boundary · Development Site · Sale transactions

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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