Corey Martier And Nick Myers Of Zeustra Sell Office Property In Boca Raton For $3.3M
SOLD
Florida
See Similar DealsOffice5 SF
SOLD
Corey Martier And Nick Myers Of Zeustra Sell Office Property In Boca Raton For $3.3M
1701 North Federal Highway, Boca Raton, Florida 33432, United States
See Similar DealsOffice5 SF
Summary
FLORIDA
Asset Type:Office
Price Per Square Foot:$659,200
Total Square Footage:5 SF
Transaction Type:Sale
An office property located at 1701 N Federal Highway in Boca Raton has been sold in a recent transaction. 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. The seller's representatives in the deal were Corey Martier and Nick Myers from Zeustra. On the buyer's side, Aleksandra Obraztsova from Douglas Elliman represented the purchasing party.
Note: No further information regarding the property or the transaction is available.
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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
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