Elliot Stone Leases Office Space To The Farmer's Dog In Boca Raton For $29 Per Sqft
6501 Park Of Commerce Boulevard
$29
$29/SF
Building Size
20,000 SF
Asset Type
Office
Closing
Apr 30, 2025
AI
The property asset involved in this transaction is an office space located at 6501 Park of Commerce Boulevard in Boca Raton. The asset comprises a total area of 20,000 square feet and is available for lease at a rate of $29 per square foot. The lease type for this property is Full Service Gross.
Summary of transation details:
- Property Type: Office
- Transaction Amount: $29/ft
- Lease Type: Full Service Gross
- Landlord: Elliot Stone
- Tenant: The Farmer's Dog
- Tenant's Representatives: Oded Nachmani - Current Real Estate Advisors, Kevin Gonzalez & Jarred Goodstein - Colliers
- Date of Transaction: 5/1/2025
This lease transaction involves key individuals from multiple real estate agencies. Notably, Oded Nachmani represents The Farmer's Dog through Current Real Estate Advisors, while Kevin Gonzalez and Jarred Goodstein represent the tenant through Colliers, emphasizing a collaborative approach in overseeing the agreement.
Players
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
547000.00%
Cash-on-Cash
-156334.28%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93