Faropoint Leases 30,000 Square Feet Office To Travelpro At 6500 Park Of Commerce Boulevard
6500 Park Of Commerce Boulevard
Building Size
30,000 SF
Asset Type
Office
Closing
Jun 22, 2026
AI
The property asset involved in this transaction is an office space located at 6500 Park of Commerce Boulevard in Boca Raton. The total square footage of the asset is 30,000, and it is under a NNN lease structure. The landlord for this deal is Faropoint.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: Not disclosed
- Address: 6500 Park of Commerce Boulevard
- Market: Boca Raton
- Landlord: Faropoint
- Tenant: Travelpro
- Landlord's Representative: Eric Cantor - Cushman & Wakefield
- Tenant's Representatives: Dean Katz, Adam Bernstein & Greg Katz - Stream Realty Partners
The key individuals involved in the deal include Eric Cantor representing the landlord Faropoint and the representatives for the tenant Travelpro, which are Dean Katz, Adam Bernstein, and Greg Katz from Stream Realty Partners. Each of these professionals played a crucial role in finalizing the lease agreement.
Players
Market 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