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6601 Park Of Commerce Holdings, LLP Acquires Nursing Home In Boca Raton For $14M

Property Image
SOLD
$14,000,000

Florida

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Nursing Home61,274 SF
Sold 02/25/2025
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Property Image
SOLD

6601 Park Of Commerce Holdings, LLP Acquires Nursing Home In Boca Raton For $14M

6601 Park Of Commerce Boulevard

See Similar Deals
Nursing Home61,274 SF
Sold 02/25/2025
the dealplayerscompscontact
Contact now

Summary

FLORIDA
Asset Type:Nursing Home
Price Per Square Foot:$228
Total Square Footage:61,274 SF
Transaction Type:Sale

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

Ian Weiner
PEBB Enterprises
Ian Weiner
23 deals$392.6M volume
SELLER
CM
Contrarian Capital Management
SELLER

Details

SOLD
IMAGE: Ian Weiner DATE: 02/25/2025 ADDRESS: 6601 Park Of Commerce Boulevard MARKET: Boca Raton ASSET TYPE: Nursing Home BUYER: 6601 Park of Commerce Holdings, LLP SELLER: Ian Weiner - PEBB Enterprises; Jon R. Bauer - Contrarian Capital Management SALE PRICE: $14,000,000 SF: 61,274 ~ PPSF: $228 NOTE: PEBB Enterprises and Contrarian Capital Management sold a 61,274 SF office building in Boca Raton’s Meridian Office Center for $14M in an off-market deal. The buyer, 6601 Park of Commerce Holdings, LLP, acquired the single-tenant property leased to Lexis Nexis.

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$746,666.66

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$49,739.05
Cash-on-Cash Return-1.27%
Monthly Debt Service$66,367.14
Annual Debt Service$796,405.71