facebook
Traded Co logo
Submit

Jim Batmasian Acquires Office Building In Boca Raton For $4.35M

Property Image
SOLD
$4,350,000
Tyler Kuhlman
Douglas K. Mandel
+ 1

Florida

See Similar Deals
Office14,592 SF
Sold 02/28/2022
the dealplayerscompscontact
Property Image
SOLD

Jim Batmasian Acquires Office Building In Boca Raton For $4.35M

200 West Palmetto Park Road, Boca Raton, Florida 33432, United States

See Similar Deals
Office14,592 SF
Sold 02/28/2022
Tyler Kuhlman
Douglas K. Mandel
+ 1
Contact now

Summary

FLORIDA
Asset Type:Office
Price Per Square Foot:$298
Total Square Footage:14,592 SF
Transaction Type:Sale

Located at 200 W Palmetto Park Rd in Boca Raton, this office property was recently sold in a transaction on 02/28/2022. The property spans across 14,592 square feet and was sold for a total price of $4,350,000, resulting in a price per square foot of $298. The sale was facilitated by brokers Zach Levine, Tyler Kuhlman, and Doug Mandel from Marcus & Millichap, representing both the buyer and the seller.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: $4,350,000
  • Address: 200 W Palmetto Park Rd, Boca Raton
  • Market: Boca Raton
  • Buyer: Jim Batmasian
  • Seller: Nick Rotenberger & Giancarlo Godz
  • Brokers: Zach Levine, Tyler Kuhlman & Doug Mandel - Marcus & Millichap
  • Square Footage: 14,592
  • Price Per Square Foot: $298

This deal was made possible through the efforts of the brokers Zach Levine, Tyler Kuhlman, and Doug Mandel, who worked on behalf of both the buyer and the seller, Nick Rotenberger and Giancarlo Godz. The transaction highlights the active real estate market in Boca Raton and the significant value of this office property.

Players

Douglas K. Mandel
72 deals$1.1B volume(954) 245-3465
BROKER

Tyler Kuhlman
CBRE
113 deals$1.6B volume(561) 685-0140
BROKER

Tyler Kuhlman
CBRE
113 deals$1.6B volume(561) 685-0140
BROKER

Zach Levine
Marcus & Millichap
41 deals$620.1M volume(954) 296-6253
BROKER

Details

SOLD
IMAGE: Tyler Kuhlman, Zach Levine & Doug Mandel DATE: 02/28/2022 ADDRESS: 200 W Palmetto Park Rd MARKET: Boca Raton ASSET TYPE: Office BUYER: Jim Batmasian SELLER: Nick Rotenberger & Giancarlo Godz BROKERS: Zach Levine (@Zachlevine_), Tyler Kuhlman (@Tylerkuhlman_) & Doug Mandel - Marcus & Millichap SALE PRICE: $4,350,000 SF: 14,592 ~ PPSF: $298

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

Contact

Get in touch with the broker you want

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
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$232,000.01

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$15,454.62
Cash-on-Cash Return-1.27%
Monthly Debt Service$20,621.22
Annual Debt Service$247,454.63