Dr. Michael Horn Acquires Boca Raton Medical Office For $1.25M
4800 North Federal Highway, Boca Raton, FL, USA
$1,250,000
$71/SF
Building Size
17,391 SF
Asset Type
Office
Closing
Jan 14, 2021
AI
This office asset located at 4800 N. Federal Highway in Boca Raton has been sold in a recent transaction. The property, measuring 5,920 square feet, is classified as an office. It was sold on January 15, 2021.
Summary of transation details
- Property Type: Office
- Transaction Amount: $1,250,000
- Address: 4800 N. Federal Highway, Boca Raton
- Buyer: Dr. Michael Horn
- Seller: Sahap Sicimoglu
- Brokers: Alexis Shapiro & Robert Burstein - ONE Commercial
Dr. Michael Horn served as the buyer in this transaction, while Sahap Sicimoglu was the seller. The deal was facilitated by brokers Alexis Shapiro and Robert Burstein from ONE Commercial. Notably, this sale marks their 4th transaction in the past year within the building, totaling over 12,000 square feet for ONE Commercial.
Players
Boca Raton Office Market Snapshot
Boundary boundary · Office · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
12.69%
Cash-on-Cash
-3.63%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93