Updated Feb 26, 2025
6601 Park Of Commerce Holdings, LLP Acquires Nursing Home In Boca Raton For $14M
6601 Park Of Commerce Boulevard
$14,000,000
$228/SF
Building Size
61,274 SF
Asset Type
Nursing Home
Closing
Feb 25, 2025
About this deal
AI
The transaction involved a nursing home asset located at 6601 Park Of Commerce Boulevard in Boca Raton. The property has a total square footage of 61,274 and was sold for a price of $14,000,000, resulting in a price per square foot of $228.
Summary of transaction details:
- Property Type: Nursing Home
- Transaction Amount: $14,000,000
- Address: 6601 Park Of Commerce Boulevard
- Market: Boca Raton
- Square Footage: 61,274
- Price Per Square Foot: $228
- Buyer: 6601 Park of Commerce Holdings, LLP
- Seller: Ian Weiner - PEBB Enterprises; Jon R. Bauer - Contrarian Capital Management
PEBB Enterprises and Contrarian Capital Management entered into an off-market deal for the sale, with 6601 Park of Commerce Holdings, LLP acquiring the single-tenant property that is leased to Lexis Nexis.
Players
Boca Raton Nursing Home Market Snapshot
Boundary boundary · Nursing Home · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.13%
Cash-on-Cash
-0.32%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93