Midtown Capital Partners Acquires Industrial Property On West Rogers Circle In Boca Raton For $6.9M
6453 West Rogers Circle
$6,918,483
$187/SF
Building Size
36,861 SF
Asset Type
Industrial
Closing
Dec 19, 2022
AI
A industrial property located at 6453 West Rogers Circle in Boca Raton has been sold in a recent transaction. The property spans approximately 36,861 square feet and was sold for a total of $6,918,483, at a price per square foot of $188.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $6,918,483
- Address: 6453 West Rogers Circle, Boca Raton
- Market: Boca Raton
- Buyer: Midtown Capital Partners
- Seller: Mark Spillane
- Brokers: Benjamin (Ben) Silver & Sebastian Misiewicz - CBRE
Benjamin (Ben) Silver and Sebastian Misiewicz from CBRE represented the buyer and seller, respectively, in this transaction.
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
2.29%
Cash-on-Cash
-0.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93