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1675 North Military Trail

Tricera Capital Acquires Office Building In Boca Raton For $20M

1675 North Military Trail

70,000 SF
clock iconSold 1 year ago
Tyler Kuhlman
Jonathan More
Douglas (Doug) Mandel
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70,000 sqft

An office property located at 1675 N Military Trl in Boca Raton has been sold for $20,000,000. The transaction took place on 11/23/2021. The property spans 70,000 square feet, resulting in a price per square foot of $286. The buyer in this deal was Scott Sherman of Tricera Capital, while the seller was Randy Rossini of 5295 Center Realty Associates. The brokers involved in the transaction were Tyler S. Kuhlman, Douglas K. Mandel, and Jonathan More of Marcus & Millichap.

Summary of transaction details

  • Property Type: Office
  • Transaction Amount: $20,000,000
  • Address: 1675 N Military Trl
  • Market: Boca Raton

In addition to the sale, Tricera Capital secured nearly $20M in financing for this property, with Jonathan More providing assistance. According to Kuhlman, the lack of new construction in the area has driven rental rates and occupancy, leading to a strong market in Florida.


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Tyler Kuhlman's profile picture
Tyler Kuhlman
Marcus & Millichap-image
Senior Associate
$514.4M Sold
Jonathan More's profile picture


Deal Summary
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IMAGE: Jonathan More, Scott Sherman, Douglas K. Mandel & Tyler S. Kuhlman DATE: 11/23/2021 ADDRESS: 1675 N Military Trl MARKET: Boca Raton ASSET TYPE: Office BUYER: Scott Sherman - Tricera Capital SELLER: Randy Rossini - 5295 Center Realty Associates BROKERS: Tyler S. Kuhlman (@TylerKuhlman_), Douglas K. Mandel, Jonathan More - Marcus & Millichap SALE PRICE: $20,000,000 SF: 70,000 ~ PPSF: $286 NOTE: “Lack of new construction has driven rental rates and occupancy as Florida continues to see strength in fundamentals predicated on population and financial migration,” stated Kuhlman. Jonathan Moore assisted by securing nearly $20M in financing for Tricera Capital.

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Address1675 North Military Trail


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