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6600 North Military Trail, ...

Updated Jun 5, 2025

JPMorgan Chase Bank Provides $118M Loan For Office Property In Boca Raton
FINANCEDOffice

JPMorgan Chase Bank Provides $118M Loan For Office Property In Boca Raton

6600 North Military Trail, Boca Raton, FL, USA

$118,000,000

$181/SF

Building Size

651,265 SF

Asset Type

Office

Closing

Apr 21, 2020

About this deal

AI

An office property located at 6600 North Military Trail in Boca Raton has recently been involved in a closed transaction. The property is owned by Office Depot and represented by Gerry Smith. The transaction took place on 04/22/2020 and the property is situated in the Boca Raton market. The office asset encompasses a total area of 651,265 square feet.

Summary of transaction details

  • Property Type: Office
  • Transaction Amount: $118,000,000
  • Address: 6600 North Military Trail, Boca Raton
  • Market: Boca Raton
  • Owned by: Office Depot
  • Represented by: Gerry Smith
  • Date: 04/22/2020
  • Square Footage: 651,265

JPMorgan Chase Bank provided a loan of $118,000,000 for this transaction. The loan was secured for the office property located at 6600 North Military Trail in Boca Raton. Gerry Smith, representing Office Depot, finalized the deal with the assistance of their broker.

Players

J.P. Morgan Chase
J.P. Morgan ChaseLender

Boca Raton Office Market Snapshot

Boundary boundary · Office · Loan transactions

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Deal FAQ

About $181 per square foot on a published $118M for 651,265 square feet (2020).

Browse Florida office loans on Traded.

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.13%

Cash-on-Cash

-0.04%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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