Updated Oct 28, 2024
FirstService Residential Sells Industrial Property In Boca Raton For $8.3M
6300 Park of Commerce Blvd, Boca Raton, FL, USA
$8,300,000
$218/SF
Building Size
38,000 SF
Asset Type
Industrial
Closing
Nov 1, 2021
About this deal
AI
FirstService Residential has sold an industrial property in Boca Raton, located at 6300 Park of Commerce Blvd. The property spans approximately 5 acres and is situated in a prime location in the market.
Summary of Transaction Details:
- Property Type: Industrial
- Sale Price: $8,300,000
- Square Footage: 38,000
- Price per Square Foot: $218
- Transaction Date: 11/01/2021
- Address: 6300 Park of Commerce Blvd
- Market: Boca Raton
The buyer's representatives, Jose Sasson and Roberto Susi from Axiom Capital Advisors, facilitated the purchase of the property. On the other side, Robert Listokin from Colliers represented the seller, FirstService Residential.
This transaction demonstrates the demand for industrial properties in Boca Raton, with a sale price of $8,300,000. The property offers 38,000 square feet of space, amounting to a price per square foot of $218. The deal was successfully closed on 11/01/2021, marking a significant acquisition in the market.
Players
Boca Raton Industrial Market Snapshot
Boundary boundary · Industrial · Sale transactions
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Deal FAQ
About $218 per square foot on a published $8.3M for 38,000 square feet (2021).
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.91%
Cash-on-Cash
-0.55%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93