PEBB Enterprises And Banyan Development Acquire Boca Raton Office Building For $37.5M
3600 Fau Boulevard, Boca Raton, Florida 33431, United States
$37,500,000
$121/SF
Building Size
308,305 SF
Asset Type
Office
Closing
Apr 27, 2022
AI
Located at 3600-3998 FAU Blvd in Boca Raton, this office property was recently sold in a transaction. The sale was facilitated by Keith O'Donnell from Avison Young.
Summary of transation details
- Property Type: Office
- Transaction Amount: $37,500,000
- Square Footage: 308,305
- Price per Square Foot: $122
- Market: Boca Raton
The property was purchased by PEBB Enterprises, represented by Ian Weiner, and Banyan Development, represented by Jason Sher. The deal was successfully closed on April 28, 2022.
Players
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
0.42%
Cash-on-Cash
-0.12%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93