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9905 Clint Moore Road

Updated Dec 4, 2024

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

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

9905 Clint Moore Road

$40,000,000

Building Size

—

Asset Type

Development Site

Closing

Nov 6, 2023

About this deal

AI

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.

On the Map

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$40,000,000

Development Site

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Players

Leigh Austin

Arroyo Capital

Buyer

$87.7M

vol

2 deals

Buyer
AC
Arroyo CapitalBuyer
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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

0.40%

Cash-on-Cash

-0.11%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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