Updated Aug 6, 2026
Dan Ainuz Of ATEED Acquires Development Site In Boca Raton For $4,700,000 From Eli Hakim
800 W Fern Drive, Boca Raton, Fl, 33432
$4,700,000
Building Size
—
Asset Type
Development Site
Closing
Aug 3, 2026
About this deal
AI
The asset involved in this transaction is a development site located at 800 West Fern Drive in Boca Raton. It has been sold for $4,700,000. This property is part of a broader market active in seeking single-family development sites throughout South Florida.
Summary of transaction details:
- Property Type: Development Site
- Transaction Amount: $4,700,000
- Buyer: Dan Ainuz - ATEED
- Seller: Eli Hakim
- Brokers: Kai Hakim & Dovi Ettedgui - Serhant
This transaction involves key individuals such as Dan Ainuz representing ATEED as the buyer and Eli Hakim as the seller. The brokerage team includes Kai Hakim and Dovi Ettedgui from Serhant, which facilitated the deal.
On the Map
$4,700,000
Development Site
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Players
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
3.38%
Cash-on-Cash
-0.96%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93