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
About this deal
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.
On the Map
$6,100,000
$761/SF
Office
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Players
Market Office Market Snapshot
Boundary boundary · Office · Sale transactions
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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