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140 Federal Highway

James Batmasian Acquires Office Building In Boca Raton For $6.1M
SOLDOffice

James Batmasian Acquires Office Building In Boca Raton For $6.1M

140 Federal Highway

$6,100,000

$761/SF

Building Size

8,010 SF

Asset Type

Office

Closing

Mar 7, 2023

AI

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

Douglas K. Mandel

Marcus & Millichap

Broker

$1.1B

vol

72 deals

Broker
James Batmasian

James Batmasian

Investments Limited

Buyer

$223.9M

vol

15 deals

Buyer

Ilan Goldstein

Seller

$32.6M

vol

5 deals

Seller

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

2.60%

Cash-on-Cash

-0.74%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93