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
166,676 SF
Asset Type
Office
Closing
Mar 16, 2026
About this deal
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:
- Property Type: Office
- Transaction Amount: $35,000,000
- Lender: Citibank
- Landlord: Ian Weiner - PEBB Enterprises
- Brokers: Christopher Staller & Donny Schreiber - Nelson Mullins
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.
On the Map
$35,000,000
$105/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
0.45%
Cash-on-Cash
-0.13%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93