Anthony Berritto Of Berritto Family Office Acquires Mixed-Use Properties In Boca Raton For $92.75M
7000 West Palmetto Park Road
$92,750,000
$291/SF
Building Size
318,576 SF
Asset Type
Mixed-use
Closing
Feb 22, 2026
About this deal
AI
The transaction involved three properties located at 6909 SW 18th St - The Boardwalk, 7000 W Palmetto Park - City National, and 21301 Powerline Rd - Grove Centre, situated in the Boca Raton market. The sale was completed for a total price of $92,750,000, encompassing a total square footage of 318,576, with a price per square foot of $291.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $92,750,000
- Buyer: Anthony Berritto - Berritto Family Office
- Seller: James Caprio - Boca Properties Holdings
- Broker: Nelson Garcia & Jamie Zambrana - RARE CRE
The transaction highlighted a multi-buyer execution, capital stack restructuring, and bridge financing aimed at retiring existing CMBS and preferred equity obligations. Additionally, RARE CRE proceeded with the disposition of a McDonald’s STNL outparcel and placed a fifth asset under contract, which is anticipated to close in April.
On the Map
$92,750,000
$291/SF
Mixed-use
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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
0.17%
Cash-on-Cash
-0.05%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93