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
About this deal
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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Deal FAQ
About $11 per square foot on a published $2.1M for 180,000 square feet (2025).
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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