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3301 Quantum Boulevard, Boy...

Apex Capital Investments Acquires Office Property In Boynton Beach For $37.3M
SOLDOffice

Apex Capital Investments Acquires Office Property In Boynton Beach For $37.3M

3301 Quantum Boulevard, Boynton Beach, FL, USA

$37,300,000

$373/SF

Building Size

100,000 SF

Asset Type

Office

Closing

Sep 20, 2021

AI

The property involved in this transaction is an office located at 3301 Quantum Boulevard in Boynton Beach. It sits on 8.2 acres of land. The sale took place on 09/20/2021.

Summary of transation details

  • Property Type: Office
  • Transaction Amount: $37,300,000
  • Address: 3301 Quantum Boulevard
  • Market: Boynton Beach
  • ACRES: 8.2

Apex Capital Investments, represented by John Gaghan, purchased the property. The seller was Fox Ridge Capital, represented by Grant Horwitz, Joshua Schrager, and Daniel Schwartz. The transaction was facilitated by Hermen Rodriguez and Matthew McCormack of JLL.

The property spans 100,000 square feet, resulting in a price per square foot of $373.

Players

Hermen Rodriguez

JLL

Broker

$1.8B

vol

23 deals

Broker
AI
Apex Capital InvestmentsBuyer
FC
Fox Ridge CapitalSeller

Grant Horwitz

Fox Ridge Capital

Seller

$45.6M

vol

2 deals

Seller

Boynton Beach Office Market Snapshot

Boundary boundary · Office · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.43%

Cash-on-Cash

-0.12%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93