Fox Ridge Capital Acquires Office Building In Weston For $8.3M
1625 North Commerce Parkway, Weston, FL, USA
$8,300,000
$246/SF
Building Size
33,720 SF
Asset Type
Office
Closing
Mar 9, 2021
AI
The office property located at 1625 North Commerce Parkway in Weston has been sold. The transaction took place on March 10, 2021. The property was purchased by Fox Ridge Capital, represented by Grant Horwitz. The sellers were Highline Real Estate Capital, represented by David Moret, and Sefira Capital, represented by Aby Galsky and Mijael Attias. David Duckworth, John Crotty, Michael Fay, Brian de la Fé, Emily Brais, and Berkley Bloodworth from Avison Young acted as brokers in the deal.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $8,300,000
- Square Footage: 33,720
- Price per Square Foot: $246
- Address: 1625 North Commerce Parkway, Weston
- Market: Weston
The buyers, Fox Ridge Capital, made the acquisition through their representative, Grant Horwitz. The sellers, Highline Real Estate Capital, represented by David Moret, and Sefira Capital, represented by Aby Galsky and Mijael Attias, agreed to the sale. The transaction was facilitated by the brokers David Duckworth, John Crotty, Michael Fay, Brian de la Fé, Emily Brais, and Berkley Bloodworth from Avison Young.
Players
Weston 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
1.91%
Cash-on-Cash
-0.55%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93