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
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