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7300 West Camino Real

FM Capital Refinances Mixed-Use Property In Boca Raton For $4.5M
FINANCEDMixed-use

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

Michael Mizrahi

FM Capital⁠

Broker

$19.9M

vol

2 deals

Broker

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