Douglas Elliman Represents Buyer In $3.3M Office Sale In Boca Raton
SOLD
$3,296,000
+ 2
Florida
See Similar DealsOffice5,200 SF
Sold 12/15/2022
SOLD
Douglas Elliman Represents Buyer In $3.3M Office Sale In Boca Raton
1701 Federal Highway
See Similar DealsOffice5,200 SF
Sold 12/15/2022
+ 2
Summary
FLORIDA
Asset Type:Office
Price Per Square Foot:$633
Total Square Footage:5,200 SF
Transaction Type:Sale
The office property located at 1701 N Federal Highway in Boca Raton has been sold. The transaction took place on December 15, 2022. The property spans 5,200 square feet and was sold for a total price of $3,296,000, resulting in a price per square foot of $634.
Summary of transaction details
- Property Type: Office
- Transaction Amount: $3,296,000
- Address: 1701 N Federal Highway, Boca Raton
- Market: Boca Raton
The sellers of the property were Lawrence Clewner and William Kelly. Representing the sellers in the deal were Corey Martier and Nick Myers from Zeustra. On the buyer's side, the representative was Aleksandra Obraztsova from Douglas Elliman.
Players
Details
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Similar Deals
Contact
Get in touch with the broker you want
Similar Buyers
Unlock All Profiles
Upgrade to Traded Pro for full access to every deal, profile & market insight.Unlimited deal views
Access investor profiles & contacts
Exclusive comps & market data
Go Pro
Similar Brokers
Search Address Tool
Enter any address to instantly view nearby comps, investors, brokers, lenders, and a visual map.NEW!
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$175,786.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$11,709.99
Cash-on-Cash Return-1.27%
Monthly Debt Service$15,624.72
Annual Debt Service$187,496.66
Is there something missing? Send suggestions