Updated May 12, 2025
PEBB Enterprises Acquires Development Site In Boca Raton For $2.35M
5355 Town Center Road, Boca Raton, FL, USA
$2,350,000
$104/SF
Building Size
22,500 SF
Asset Type
Development Site
Closing
Jul 6, 2020
About this deal
AI
This transaction involves a development site located at 5355 Town Center Road in Boca Raton, which was sold for $2,350,000. The property encompasses 22,500 square feet and spans across 2 acres of land, resulting in a price per square foot of $104 and a price per acre of $1,175,000.
Summary of transation details:
- Property Type: Development Site
- Transaction Amount: $2,350,000
- Square Footage: 22,500
- Address: 5355 Town Center Road
- Market: Boca Raton
- Acres: 2
- Price per Square Foot: $104
- Price per Acre: $1,175,000
- Buyer: PEBB Enterprises - Ian Weiner
- Seller: CP Group
- Broker: Dominic Montazemi - Cushman & Wakefield
Ian Weiner of PEBB Enterprises represents the buyer in this transaction, while Dominic Montazemi from Cushman & Wakefield represents the broker facilitating the deal for the seller, CP Group.
Players
Boca Raton Development Site Market Snapshot
Boundary boundary · Development Site · Sale transactions
Loading comparables…
Deal FAQ
Visit Dominic Montazemi to view all their deals.
Browse Florida development site sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
6.75%
Cash-on-Cash
-1.93%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93