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21045 Commercial Trail

Don DeWoody Acquires Office Property For $4.55M In Boca Raton
SOLDOffice

Don DeWoody Acquires Office Property For $4.55M In Boca Raton

21045 Commercial Trail

$4,550,000

$415/SF

Building Size

10,960 SF

Asset Type

Office

Closing

Nov 30, 2023

AI

The office property located at 21045 Commercial Trail in Boca Raton has been sold. The transaction was facilitated by Don DeWoody from Landmark Commercial Realty Advisors, representing the buyer, and Keith O'Donnell from Avison Young, representing the seller.

Summary of transaction details:

  • Property Type: Office
  • Sale Price: $4,550,000
  • Square Footage: 10,960
  • Price per Square Foot: $415
  • Address: 21045 Commercial Trail, Boca Raton
  • Market: Boca Raton

This successful sale signifies the collaboration between Don DeWoody from Landmark Commercial Realty Advisors and Keith O'Donnell from Avison Young in achieving a mutually beneficial transaction for both parties involved.

Players

Don DeWoody

Broker

$30.6M

vol

2 deals

Broker

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

3.49%

Cash-on-Cash

-1.00%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93