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1801 North Military Trail, ...

Pebb Enterprises Acquires Boca Raton Office Building For $18.35M
SOLDOffice

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

Mark M. Rubin

Colliers

Broker

$896.8M

vol

37 deals

Broker
PEBB Enterprises
PEBB EnterprisesBrokerage
PEBB Enterprises
PEBB EnterprisesBuyer

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