facebook
Traded Co logo
Submit
Daily limit: 0/10

Arroyo Capital Acquires 37-Acre Development Site In Boca Raton For $40M

Property Image
SOLD
$40,000,000

Florida

See Similar Deals
Development Site
Sold 11/06/2023
the dealplayerscompscontact
Property Image
SOLD

Arroyo Capital Acquires 37-Acre Development Site In Boca Raton For $40M

9905 Clint Moore Road

See Similar Deals
Development Site
Sold 11/06/2023
the dealplayerscompscontact
Contact now

Summary

FLORIDA
Asset Type:Development Site
Transaction Type:Sale

Arroyo Capital has purchased a 37-acre development site in Boca Raton for $40 million. The property is located at 9905 Clint Moore Road and is situated in the Boca Raton market. The acquisition of this site will pave the way for Toll Brothers to develop a 70-home project on the land. Toll Brothers, a renowned real estate development company, is known for its residential communities in South Florida, including single-family homes and student housing.

Summary of transaction details

  • Property Type: Development Site
  • Transaction Amount: $40,000,000
  • Address: 9905 Clint Moore Road
  • Market: Boca Raton
  • Acres: 37

The deal was facilitated by Arroyo Capital, represented by Dan McCann, Leigh Austin, and Jeff Brouelette. With their expertise, Arroyo Capital successfully acquired the development site and partnered with Toll Brothers to bring their vision to life.

Players

LA
Leigh Austin
2 deals$87.7M volume
BUYER
AC
Arroyo Capital
BUYER
AC
Arroyo Capital
BUYER

Details

SOLD
IMAGE: Jeff Brouelette, Leigh Austin & Dan McCann DATE: 11/06/2023 ADDRESS: 9905 Clint Moore Road MARKET: Boca Raton ASSET TYPE: Development Site ~ ACRES: 37 BUYER: Arroyo Capital - Dan McCann, Leigh Austin & Jeff Brouelette SALE PRICE: $40,000,000 NOTE: Arroyo Capital has purchased 37 acres in Boca Raton for $40 million, with plans for Toll Brothers to develop a 70-home project on the land. Toll Brothers is a real estate development company known for residential communities in South Florida, including single-family homes and student housing.

Stay in the Know

Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.

By subscribing, you agree to our Terms of Service and Privacy Policy.

Similar Deals

Contact

Get in touch with the broker you want

Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$2,133,333.32

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$142,111.56
Cash-on-Cash Return-1.27%
Monthly Debt Service$189,620.41
Annual Debt Service$2,275,444.88