Citizens Bank Provides $64.7M Loan For Office Building In Boca Raton
FINANCED
$64,700,000
Florida
See Similar DealsOffice191,294 SF
Financed 08/01/2021
FINANCED
Citizens Bank Provides $64.7M Loan For Office Building In Boca Raton
1 Town Center Road
See Similar DealsOffice191,294 SF
Financed 08/01/2021
Summary
FLORIDA
Asset Type:Office
Price Per Square Foot:$338
Total Square Footage:191,294 SF
Transaction Type:Loan
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.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$64,700,000.00
Monthly NOI$431,333.33
Monthly Debt Service$408,948.01
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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