Paul Mandel Of Nexgen Legacy Group Sells Boca Raton Office For $5.75M With Advisors
10055 Yamato Road
$5,750,000
$513/SF
Building Size
11,200 SF
Asset Type
Office
Closing
Dec 28, 2025
AI
The property asset involved in this transaction is an office located at 10055 Yamato Road in Boca Raton. The sale was executed for a transaction amount of $5,750,000, and the asset encompasses a total square footage of 11,200, resulting in a price per square foot of $513.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $5,750,000
- Address: 10055 Yamato Road
- Market: Boca Raton
- Seller: Paul Mandel - Nexgen Legacy Group
- Buyer's Representative: Allyson Sullivan - Lang Realty
- Seller's Representatives: Elon Gerberg & Adam Klein - Vision Real Estate Advisors
- Square Footage: 11,200
- Price Per Square Foot: $513
The transaction included key individuals such as Paul Mandel representing Nexgen Legacy Group as the seller, alongside Allyson Sullivan acting on behalf of the buyer from Lang Realty. The seller's associates driving the deal were Elon Gerberg and Adam Klein from Vision Real Estate Advisors.
Players
Boca Raton Office Market Snapshot
Boundary boundary · Office · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.76%
Cash-on-Cash
-0.79%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93