James Batmasian Acquires Office Building In Boca Raton For $6.1M
SOLD
$6,100,000
+ 3
Florida
See Similar DealsOffice8,010 SF
Sold 03/07/2023
SOLD
James Batmasian Acquires Office Building In Boca Raton For $6.1M
140 Federal Highway
See Similar DealsOffice8,010 SF
Sold 03/07/2023
+ 3
Summary
FLORIDA
Asset Type:Office
Price Per Square Foot:$761
Total Square Footage:8,010 SF
Transaction Type:Sale
The office property located at 140 Federal Highway in Boca Raton has been sold in a closed transaction. The property spans 8,010 square feet and was sold for a total amount of $6,100,000, resulting in a price per square foot of $762.
Summary of transaction details
- Property Type: Office
- Transaction Amount: $6,100,000
- Address: 140 Federal Highway, Boca Raton
- Market: Boca Raton
James Batmasian acquired the property, while Chaim Cahane and Ilan Goldstein served as the sellers. The deal was facilitated by Zach Levine, Douglas (Doug) Mandel, and Tyler Kuhlman from Marcus & Millichap acting as the brokers.
Players
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$325,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$21,672.03
Cash-on-Cash Return-1.27%
Monthly Debt Service$28,917.11
Annual Debt Service$347,005.34
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