Dean Poll Acquires Mixed-Use Property In Boca Raton For $16.25M
2006 Northwest Executive Center Circle, Boca Raton, FL, USA
$16,250,000
$1,250/SF
Building Size
13,000 SF
Asset Type
Mixed-use
Closing
Jun 3, 2020
About this deal
AI
Located in Boca Raton, the mixed-use property at 2006 NW Executive Circle was recently sold for a total of $16,250,000. The transaction took place on June 3, 2021. The property spans 13,000 square feet, resulting in a price per square foot of $1,250. The land encompasses 2 acres, with a price per acre of $8,125,000.
Summary of transaction details
- Property Type: Mixed-use
- Transaction Amount: $16,250,000
- Seller's Representative: Tom Prakas, Chas Prakas & Athan Prakas II - Prakas & Co.
- Buyer: Dean Poll
Tom Prakas, Chas Prakas, and Athan Prakas II of Prakas & Co. served as the seller's representatives in this deal. The buyer, Dean Poll, made the purchase of this property in Boca Raton, further adding to his real estate portfolio.
Players
Boca Raton Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.98%
Cash-on-Cash
-0.28%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93