Updated Dec 2, 2024
Brookfield Property Partners Acquires Industrial Property In Boca Raton For $31.4M
700 Banyan Trail, Boca Raton, FL, USA
$31,400,000
$178/SF
Building Size
175,715 SF
Asset Type
Industrial
Closing
Feb 5, 2020
About this deal
AI
Brookfield Property Partners, led by Bruce Flatt, has acquired an industrial property in Boca Raton for $31,400,000. The property, located at 700 Banyan Trail, spans 175,715 square feet. With a price per square foot of $178, this acquisition presents a significant investment opportunity in the Boca Raton market.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $31,400,000
- Address: 700 Banyan Trail, Boca Raton
- Market: Boca Raton
- Buyer: Brookfield Property Partners - Bruce Flatt
- Seller: Sean Leder
- Square Footage: 175,715
- Price per Square Foot: $178
This transaction was facilitated by Sean Leder as the seller. Brookfield Property Partners, represented by Bruce Flatt, acted as the buyer in this industrial property deal. The acquisition of 700 Banyan Trail further strengthens Brookfield Property Partners' portfolio in the industrial sector.
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
0.51%
Cash-on-Cash
-0.14%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93