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
Boynton Beach 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
0.43%
Cash-on-Cash
-0.12%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93