Healthcare Trust Of America Acquires Medical Office In Boca Raton For $50M
SOLD
$50,000,000
Florida
See Similar DealsOffice106,135 SF
Sold 09/09/2021
SOLD
Healthcare Trust Of America Acquires Medical Office In Boca Raton For $50M
1905 Clint Moore Road, Boca Raton, FL, USA
See Similar DealsOffice106,135 SF
Sold 09/09/2021
Summary
FLORIDA
Asset Type:Office
Price Per Square Foot:$471
Total Square Footage:106,135 SF
Transaction Type:Sale
The medical office property located at 1905 Clint Moore Road in Boca Raton has been sold. Spanning across 15.5 acres, this medical office asset was acquired by Healthcare Trust of America, represented by Peter Foss. The property was previously owned by Rick Werber, Ed Steinhardt, CDR Realty, and Kenneth Garrod. The transaction took place on September 9, 2021.
Summary of transaction details:
- Property Type: Medical Office
- Transaction Amount: $50,000,000
- Address: 1905 Clint Moore Road
- Market: Boca Raton
- Acres: 15.5
- Price per Acre (PPA): $3,225,806
- Square Footage (SF): 106,135
- Price per Square Foot (PPSF): $471
Peter Foss, representing Healthcare Trust of America, facilitated the purchase of this medical office property. Rick Werber, Ed Steinhardt, CDR Realty, and Kenneth Garrod were the sellers involved in this transaction. Their roles were instrumental in the successful sale of this property.
Players
Details
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Similar Deals
Similar Buyers
Unlock All Profiles
Upgrade to Traded Pro for full access to every deal, profile & market insight.Unlimited deal views
Access investor profiles & contacts
Exclusive comps & market data
Go Pro
Similar Brokers
Search Address Tool
Enter any address to instantly view nearby comps, investors, brokers, lenders, and a visual map.NEW!
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$2,666,666.66
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$177,639.45
Cash-on-Cash Return-1.27%
Monthly Debt Service$237,025.51
Annual Debt Service$2,844,306.11
Is there something missing? Send suggestions