facebook

traded

+ Submit
Home

/

Deals

/

Florida

/

Office

/

Loan

/

7900 Glades Road

PEBB Enterprises Secures $35 Million Refinance From Citibank For Boca Raton Office Properties
FINANCEDOffice

PEBB Enterprises Secures $35 Million Refinance From Citibank For Boca Raton Office Properties

7900 Glades Road & 5900 Broken Sound Parkway Northwest

$35,000,000

$105/SF

Building Size

333,352 SF

Asset Type

Office

Closing

Mar 16, 2026

AI

PEBB Enterprises secured a refinancing for two office properties located at 7900 Glades Road and 5900 Broken Sound Parkway in Boca Raton, totaling approximately 166,676 square feet. The refinancing amount achieved was $35,000,000 from Citibank, N.A.

Summary of transaction details:

Christopher Staller and Donny Schreiber from Nelson Mullins represented PEBB Enterprises in the transaction, facilitating the refinancing process for the office assets in the Boca Raton market.

Players

Christopher Staller

Nelson Mullins

Broker

$35M

vol

1 deal

Broker
Citibank
CitibankLender
Ian Weiner

Ian Weiner

PEBB Enterprises

Landlord

$392.6M

vol

23 deals

Landlord

Boca Raton Office Market Snapshot

Boundary boundary · Office · Loan transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.45%

Cash-on-Cash

-0.13%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93