Douglas Elliman Represents Buyer In $3.3M Office Sale In Boca Raton
1701 Federal Highway
$3,296,000
$633/SF
Building Size
5,200 SF
Asset Type
Office
Closing
Dec 15, 2022
About this deal
AI
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.
On the Map
$3,296,000
$633/SF
Office
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Players
Boca Raton 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
4.81%
Cash-on-Cash
-1.38%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93