I Heart Mac & Cheese HQ Lease Finalized In Boca Raton By BH Group
6600 North Military Trail
Building Size
7,118 SF
Asset Type
Office
Closing
Mar 19, 2024
About this deal
AI
Located at 6600 North Military Trail in Boca Raton, the office property spans 7,118 square feet and will serve as the corporate headquarters for I Heart Mac & Cheese.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: Not specified
- Landlord: BH Group ; Eric Hochman - PEBB Enterprises
- Tenant: Steve Giordanella - I Heart Mac & Cheese
- Landlord's Rep: Adam Starr - PEBB Enterprises; John Criddle & Joseph Freitas - CBRE
- Tenant's Rep: Pete Schlang - Woolbright Developers
The lease agreement at 6600 North Military Trail in Boca Raton was facilitated by the Landlord's Representatives, Adam Starr from PEBB Enterprises, along with John Criddle and Joseph Freitas from CBRE. Pete Schlang from Woolbright Developers acted as the Tenant's Representative during the transaction.
On the Map
Office
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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