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
$3,296,000
$659,200/SF
Building Size
5 SF
Asset Type
Office
Closing
Apr 17, 2023
AI
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.
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