Updated Dec 21, 2023
James H. Batmasian Acquires Industrial Property In Boca Raton For $11M
108 NW 20th St, Boca Raton, FL, USA
$11,000,000
$149/SF
Building Size
73,395 SF
Asset Type
Industrial
Closing
May 13, 2021
About this deal
AI
James H. Batmasian has acquired an industrial property in Boca Raton for a price of $11,000,000. The property, located at 108 NW 20th St & 1800 NW 1st Ave, spans approximately 73,395 square feet. This translates to a price per square foot (PPSF) of $150. The transaction was finalized on May 14, 2021. The seller of the property was Bernadette Castro & Terri A. Keogh.
Summary of transaction details
- Property Type: Industrial
- Sale Price: $11,000,000
- Square Footage: 73,395
- Price per Square Foot (PPSF): $150
- Market: Boca Raton
James H. Batmasian, the buyer in this transaction, successfully acquired the industrial property located in Boca Raton. On the other hand, Bernadette Castro & Terri A. Keogh acted as the sellers of the property.
Players
Boca Raton Industrial Market Snapshot
Boundary boundary · Industrial · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.44%
Cash-on-Cash
-0.41%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93