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

Property Image
SOLD
$37,300,000
Matthew (Matt) McCormack
Hermen Rodriguez
GH

Florida

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Office100,000 SF
Sold 09/20/2021
the dealplayerscompscontact
Property Image
SOLD

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

3301 Quantum Boulevard, Boynton Beach, FL, USA

See Similar Deals
Office100,000 SF
Sold 09/20/2021
Matthew (Matt) McCormack
Hermen Rodriguez
GH
the dealplayerscompscontact
Contact now

Summary

FLORIDA
Asset Type:Office
Price Per Square Foot:$373
Total Square Footage:100,000 SF
Transaction Type:Sale

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
Hermen Rodriguez
23 deals$1.8B volume(305) 448-5332
BROKER
Matthew (Matt) McCormack
JLL
Matthew McCormack
31 deals$2.8B volume
BROKER
AI
Apex Capital Investments
BUYER
FC
Fox Ridge Capital
SELLER
GH
Grant Horwitz
2 deals$45.6M volume
SELLER
FC
Fox Ridge Capital
SELLER

Details

SOLD
IMAGE: Hermen Rodriguez, Grant Horwitz, John Gaghan & Matthew McCormack DATE: 09/20/2021 ADDRESS: 3301 Quantum Boulevard MARKET: Boynton Beach ASSET TYPE: Office ~ ACRES: 8.2 BUYER: Apex Capital Investments - John Gaghan SELLER: Fox Ridge Capital - Grant Horwitz; Joshua Schrager & Daniel Schwartz SELLER'S REP: Hermen Rodriguez & Matthew McCormack - JLL SALE PRICE: $37,300,000 SF: 100,000 ~ PPSF: $373

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

$1,989,333.32

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$132,519.03
Cash-on-Cash Return-1.27%
Monthly Debt Service$176,821.03
Annual Debt Service$2,121,852.35