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Pebb Enterprises Acquires Boca Raton Office Building For $18.35M

Property Image
SOLD
$18,350,000
Keith O'Donnell
Mark M. Rubin

Florida

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Office61,118 SF
Sold 06/30/2020
the dealplayerscompscontact
Property Image
SOLD

Pebb Enterprises Acquires Boca Raton Office Building For $18.35M

1801 North Military Trail, Boca Raton, FL, USA

See Similar Deals
Office61,118 SF
Sold 06/30/2020
Keith O'Donnell
Mark M. Rubin
the dealplayerscompscontact
Contact now

Summary

FLORIDA
Asset Type:Office
Price Per Square Foot:$300
Total Square Footage:61,118 SF
Transaction Type:Sale

Located at 1801 N. Military Trail in Boca Raton, this office property was recently sold in a transaction. The sale took place on June 30, 2021, with a sale price of $18,350,000. The property spans a total of 61,118 square feet, resulting in a price per square foot of $300.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: $18,350,000
  • Address: 1801 N. Military Trail
  • Market: Boca Raton

Pebb Enterprises acted as the buyer in this transaction, while Michael Mammon was the seller. Mark M. Rubin and Keith O'Donnell from Mark M. Rubin & Keith O'Donnell Realty served as the brokers involved in this deal.

Players

Mark M. Rubin
Colliers
Mark M. Rubin
37 deals$896.8M volume(561) 302-2511
BROKER
Keith O'Donnell
Avison Young
Keith O'Donnell
11 deals$165.8M volume(561) 893-7011
BROKER
PEBB Enterprises
PEBB Enterprises
BROKERAGE
PEBB Enterprises
PEBB Enterprises
BUYER

Details

SOLD
IMAGE: Keith O'Donnell & Mark M. Rubin DATE: 06/30/2021 ADDRESS: 1801 N. Military Trail MARKET: Boca Raton ASSET TYPE: Office BUYER: Pebb Enterprises (@PebbEnterprises) SELLER: Michael Mammon BROKERS: Mark M. Rubin & Keith O'Donnell SALE PRICE: $18,350,000 SF: 61,118 ~ PPSF: $300

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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

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Cash Flow (Annual)-$65,193.67
Cash-on-Cash Return-1.27%
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