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

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SOLD
$3,825,000

Florida

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Industrial10,200 SF
Sold 01/29/2026
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SOLD

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

170 Northwest 16th Street

See Similar Deals
Industrial10,200 SF
Sold 01/29/2026
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Summary

FLORIDA
Asset Type:Industrial
Price Per Square Foot:$375
Total Square Footage:10,200 SF
Transaction Type:Sale

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
9 deals$45.7M volume(561) 403-4966
BROKER

Chad Gottsegen
LRM CREA
8 deals$28.8M volume(561) 400-7750
BROKER

LRM CREA
BROKERAGE

Details

SOLD
IMAGE: Chad Gottsegen & Anthony Mamann DATE: 01/29/2026 ADDRESS: 170 Northwest 16th Street MARKET: Boca Raton ASSET TYPE: Industrial BUYER: Harold Groome SELLER: Leonard Amato BROKERS: Anthony Mamann (@AnthonyMamann) & Chad Gottsegen (@ChadGotts) - LRM Commercial Real Estate Advisors (@LRMAdvisors) SALE PRICE: $3,825,000 SF: 10,200 ~ PPSF: $375

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$204,000.00

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$13,589.42
Cash-on-Cash Return-1.27%
Monthly Debt Service$18,132.45
Annual Debt Service$217,589.42