facebook

traded

+ Submit
Home

/

Deals

/

Florida

/

Office

/

Sale

/

1095 Broken Sound Parkway N...

Allen Chleminsky Acquires Office Building In Boca Raton For $10.75M
SOLDOffice

Allen Chleminsky Acquires Office Building In Boca Raton For $10.75M

1095 Broken Sound Parkway Northwest

$10,750,000

$214/SF

Building Size

50,050 SF

Asset Type

Office

Closing

Mar 17, 2023

AI

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

Alex Rich

Rich Commercial Group

Broker

$21.5M

vol

3 deals

Broker

Market Office Market Snapshot

Boundary boundary · Office · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

1.48%

Cash-on-Cash

-0.42%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93