Pebb Enterprises Acquires Boca Raton Office Building For $18.35M
1801 North Military Trail, Boca Raton, FL, USA
$18,350,000
$300/SF
Building Size
61,118 SF
Asset Type
Office
Closing
Jun 30, 2020
About this deal
AI
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
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
0.86%
Cash-on-Cash
-0.25%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93