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Investments Limited Acquires Office And Retail Properties In Boca Raton, Deerfield Beach, And Plantation For $67M

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FINANCED
$67,000,000

Florida

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Mixed-use1,735,468 SF
Financed 05/05/2020
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Property Image
FINANCED

Investments Limited Acquires Office And Retail Properties In Boca Raton, Deerfield Beach, And Plantation For $67M

22749 Florida 7, Boca Raton, FL, USA

See Similar Deals
Mixed-use1,735,468 SF
Financed 05/05/2020
Contact now

Summary

FLORIDA
Asset Type:Mixed-use
Price Per Square Foot:$38
Total Square Footage:1,735,468 SF
Transaction Type:Loan

The property involved in the closed transaction is located at 22797 State Rd 7-22749 State Rd 7, 23123 South State Rd 7, 22973-23071 South State Rd 7, 130 Northwest 20th St, 600 South Dixie Highway, 515 Northeast 20th St, 601 Fairway Dr, 400-498 W Hillsboro Blvd, 1801-1825 West Hillsboro Blvd Deerfield Beach, 1831-1919 West Hillsboro Blvd, 1799 West Hillsboro Blvd, and 1-199 N State Rd 7. The asset type of the property is a mix of office and retail, with a total square footage of 1,735,468. The property is situated in Boca Raton, Deerfield Beach, and Plantation.

Summary of transaction details:

  • Property Type: Office, Retail
  • Transaction Amount: $67,000,000
  • Lender: Ocean Bank
  • Landlord: Investments Limited - James Batmasian
  • Brokers: Josias Dewey & Brett Holland - Holland & Knight

The key individuals and companies involved in the transaction include James Batmasian, who represents Investments Limited as the landlord, and Josias Dewey and Brett Holland from Holland & Knight, who serve as the brokers. They played essential roles in facilitating the deal.

Players

1 deal$67M volume(305) 789-7746
BROKER

Brett Holland
1 deal$67M volume
BROKER

Ocean Bank
LENDER

James Batmasian
15 deals$223.9M volume
LANDLORD

Details

FINANCED
IMAGE: James Batmasian, Josias Dewey & Brett Holland DATE: 05/05/2020 ADDRESS: 22797 State Rd 7-22749 State Rd 7, 23123 South State Rd 7, 22973-23071 South State Rd 7, 130 Northwest 20th St, 600 South Dixie Highway, 515 Northeast 20th St, 601 Fairway Dr, 400-498 W Hillsboro Blvd, 1801-1825 West Hillsboro Blvd Deerfield Beach, 1831-1919 West Hillsboro Blvd, 1799 West Hillsboro Blvd, 1-199 N State Rd 7 MARKET: Boca Raton, Deerfield Beach, Plantation ASSET TYPE: Office, Retail SF: 1,735,468 LENDER: Ocean Bank LANDLORD: Investments Limited - James Batmasian BROKERS: Josias Dewey & Brett Holland - Holland & Knight LOAN AMOUNT: $67,000,000

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$67,000,000.00

Monthly NOI$446,666.67
Monthly Debt Service$423,485.58
Change in Cash Flow$0.00
Refinance Proceeds$0.00