Harold Groome Acquires Industrial Property In Boca Raton From Leonard Amato For $3.825M
170 Northwest 16th Street
$3,825,000
$375/SF
Building Size
10,200 SF
Asset Type
Industrial
Closing
Jan 28, 2026
AI
The property asset involved in this transaction is an industrial facility located at 170 Northwest 16th Street in Boca Raton. The sale price was $3,825,000, and the property spans a total of 10,200 square feet, translating to a price per square foot of $375.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $3,825,000
- Address: 170 Northwest 16th Street
- Market: Boca Raton
- Square Footage: 10,200
- Price per Square Foot: $375
- Buyer: Harold Groome
- Seller: Leonard Amato
- Broker Representatives: Anthony Mamann & Chad Gottsegen - LRM Commercial Real Estate Advisors
In this transaction, Harold Groome acted as the buyer while Leonard Amato was the seller. The deal was facilitated by Anthony Mamann and Chad Gottsegen, who represented the seller through their agency, LRM Commercial Real Estate Advisors.
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
4.15%
Cash-on-Cash
-1.19%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93