Citizens Bank Provides $64.7M Loan For Office Building In Boca Raton
1 Town Center Road
$64,700,000
$338/SF
Building Size
191,294 SF
Asset Type
Office
Closing
Aug 1, 2021
About this deal
AI
The office property located at 1 Town Center Road in Boca Raton was involved in a closed transaction on 08/02/2021. The property, with a total square footage of 191,294, was the subject of a loan transaction.
Summary of transaction details
- Property Type: Office
- Transaction Amount: $64,700,000
- Address: 1 Town Center Road
- Market: Boca Raton
The loan for the transaction was provided by Citizens Bank. The landlord of the property is Prime US REIT, represented by Barbara Cambon. The deal was facilitated by the broker agency KBS.
On the Map
$64,700,000
$338/SF
Office
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Players
Boca Raton Office Market Snapshot
Boundary boundary · Office · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.25%
Cash-on-Cash
-0.07%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93