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6500 Park Of Commerce Boule...

Faropoint Leases 30,000 Square Feet Office To Travelpro At 6500 Park Of Commerce Boulevard
LEASEDOffice

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

Adam Bernstein

JLL

Broker

8 deals

Broker
Faropoint
FaropointLandlord

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