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1501 Yamato Road, Boca Rato...

ADT Leases 104,000 SF Office Space In Boca Raton At 1501 Yamato Road With Landlord's Reps Greg Katz & Jeff Kelly, And Tenant's Reps Scott Panzer & Deanna Becker
LEASEDOffice

ADT Leases 104,000 SF Office Space In Boca Raton At 1501 Yamato Road With Landlord's Reps Greg Katz & Jeff Kelly, And Tenant's Reps Scott Panzer & Deanna Becker

1501 Yamato Road, Boca Raton, Florida 33431, United States

Building Size

104,000 SF

Asset Type

Office

Closing

Dec 12, 2022

AI

An office space located at 1501 Yamato Road in Boca Raton has been leased in a closed transaction. The property spans approximately 104,000 square feet, making it ideal for various office needs.

Summary of transaction details:

  • Property Type: Office
  • Transaction Date: 12/12/2022
  • Address: 1501 Yamato Road, Boca Raton
  • Market: Boca Raton
  • Property Size: 104,000 square feet

The landlord, Pebb Enterprises, was represented by Ian Weiner from Pebb Enterprises and Jake Geleerd from Tortoise Properties. On the tenant side, ADT secured the lease with the assistance of Scott Panzer and Deanna Becker from JLL.

The landlord's representatives, Greg Katz from Newmark and Jeff Kelly from CBRE, played crucial roles in finalizing the deal. They ensured a successful lease agreement between the landlord, Pebb Enterprises, and the tenant, ADT.

Players

Jeffrey Kelly

CBRE

Broker

$47.5M

vol

8 deals

Broker

Boca Raton Office Market Snapshot

Boundary boundary · Office · Lease transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

5.80%

Cash-on-Cash

-1.66%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93