Allen Chleminsky Acquires Office Building In Boca Raton For $10.75M
SOLD
$10,750,000
Florida
See Similar DealsOffice50,050 SF
Sold 03/17/2023
SOLD
Allen Chleminsky Acquires Office Building In Boca Raton For $10.75M
1095 Broken Sound Parkway Northwest
See Similar DealsOffice50,050 SF
Sold 03/17/2023
Summary
FLORIDA
Asset Type:Office
Price Per Square Foot:$214
Total Square Footage:50,050 SF
Transaction Type:Sale
An office property located at 1095 Broken Sound Parkway Northwest in Boca Raton has been sold in a recent transaction. The property spans approximately 50,050 square feet and was sold for a price of $10,750,000. The price per square foot for this transaction was $215.
Summary of transation details
- Property Type: Office
- Transaction Amount: $10,750,000
- Address: 1095 Broken Sound Parkway Northwest, Boca Raton
- Market: Boca Raton
- Square Footage: 50,050
The buyer in this transaction was Allen Chleminsky, while the seller was Corey Shader. Representing the buyer was John DeMarco from Remax, and representing the seller was Alex Rich from Rich Commercial Group.
Players
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$573,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$38,192.49
Cash-on-Cash Return-1.27%
Monthly Debt Service$50,960.48
Annual Debt Service$611,525.81
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