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170 Northwest 16th Street

Harold Groome Acquires Industrial Property In Boca Raton From Leonard Amato For $3.825M
SOLDIndustrial

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

Anthony Mamann

LRM CREA

Broker

$45.7M

vol

9 deals

Broker
LRM CREA
LRM CREABrokerage

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