Larsen MacColl Partners Acquires Boca Corporate Center In Boca Raton For $20 Million

The property asset involved in this transaction is an office building located at 2101 Northwest Corporate Boulevard in Boca Raton. The sale price was $20,000,000, covering a total square footage of 93,219. The property is situated in a market characterized by its potential for rent increases and includes recently renovated common areas.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: $20,000,000
• Buyer: Jeff Larsen - Larsen MacColl Partners
• Buyer's Representative: Art Frye - Spaulding and Slye Investments
• Seller's Representatives: Christian Lee, Matthew Lee, Sean Kelly & Tom Rappa - CBRE
• Lender: Deutsche Bank
• Mortgage Brokers: Amy Julian & Andrew Chilgren - CBRE
• Price per Square Foot: $215

CBRE facilitated the transaction, showcasing the collaboration among multiple representatives. The lender, Deutsche Bank, provided a loan amount of $14 million for this deal, underscoring the financial backing involved in acquiring the asset.