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20393 Grand Cascade Ave

Aron Eichron Purchases Development Site From Lotus Edge In Boca Raton For $2.75M
SOLDDevelopment Site

Aron Eichron Purchases Development Site From Lotus Edge In Boca Raton For $2.75M

20393 Grand Cascade Ave

$2,750,000

$550/SF

Building Size

5,000 SF

Asset Type

Development Site

Closing

Mar 13, 2025

AI

The property involved in this transaction is a development site located at 20393 Grand Cascade Avenue in Boca Raton. The sale price for the asset was $2,750,000, consisting of 5,000 square feet, resulting in a price per square foot of $550.

Summary of transaction details:

  • Property Type: Development Site
  • Transaction Amount: $2,750,000
  • Address: 20393 Grand Cascade Avenue
  • Market: Boca Raton
  • Square Footage: 5,000
  • Price per Square Foot: $550
  • Buyer: Aron Eichron
  • Seller: Lotus Edge
  • Brokers: Joseph Brikman & Rebecca Fischer (BexSellsMiami) - The Real Brokerage

Lotus Edge is noted as Boca Raton's Premier & Exclusive New Construction Community, featuring 665 contemporary single-family homes. The community includes a 39,000 sq. ft. clubhouse with resort-style amenities. The transaction was facilitated by Joseph Brikman and Rebecca Fischer, who are part of The Modern Day Team at The Real Brokerage, which has reported nearing $150,000,000 in listed, sold, and pending inventory since the start of 2025.

Players

Joseph Brikman

Real Broker

Broker

$16.9M

vol

7 deals

Broker

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

5.77%

Cash-on-Cash

-1.65%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93