FM Capital Refinances Mixed-Use Property In Boca Raton For $4.5M
7300 West Camino Real
$4,500,000
$125/SF
Building Size
35,891 SF
Asset Type
Mixed-use
Closing
Dec 8, 2023
AI
The property involved in this closed transaction is a mixed-use asset located at 7300 West Camino Real in Boca Raton. With a total square footage of 35,891, the property offers a versatile space for both residential and commercial purposes. The transaction took place on 12/08/2023, and the loan amount for this deal was $4,500,000. The purpose of this loan was to refinance the property.
Summary of transation details
- Property Type: Mixed-use
- Transaction Amount: $4,500,000
- Address: 7300 West Camino Real, Boca Raton
- Market: Boca Raton
- Square Footage: 35,891
FM Capital, represented by Michael Mizrahi, acted as the broker in this transaction. Their expertise in the market and negotiation skills played a crucial role in the successful closing of this deal. The refinancing of this mixed-use property in Boca Raton demonstrates the potential and value of this asset.
Players
Boca Raton Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
3.53%
Cash-on-Cash
-1.01%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93