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
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