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1701 North Federal Highway,...

Corey Martier And Nick Myers Of Zeustra Sell Office Property In Boca Raton For $3.3M
SOLDOffice

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

Aleksandra Obraztsova

Douglas Elliman

Broker

$22.6M

vol

4 deals

Broker

Lawrence Clewner

Seller

$6.6M

vol

2 deals

Seller

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