Rossen Law Firm Acquires Office Condo In Boca Raton From TRAL Real Estate For $2.115M
4800 North Federal Highway
$2,115,000
$11/SF
Building Size
180,000 SF
Asset Type
Office
Closing
Feb 20, 2025
AI
An office property located at 4800 North Federal Highway in Boca Raton has been sold for $2,115,000. The asset spans 6,115 square feet within the Sanctuary Centre, representing a price per square foot of $12.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $2,115,000
- Buyer: Adam Rossen - Rossen Law Firm
- Seller: TRAL Real Estate – Family Holdings
- Broker: Dante Gentile - Commercial Florida Realty Partners
- Square Footage: 6,115
- Price per Square Foot: $12
Dante Gentile of Commercial Florida Realty Partners represented TRAL Real Estate – Family Holdings in this transaction. The sale is part of a broader activity as Commercial Florida recently facilitated the sale of three other units within the complex, totaling 4,390 square feet for $1.81 million.
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
7.50%
Cash-on-Cash
-2.14%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93