Oak Street Real Estate Capital Acquires Office Building In Boca Raton For $25M
5600 Broken Sound Blvd, Boca Raton, FL 33487
$25,000,000
$174/SF
Building Size
143,530 SF
Asset Type
Office
Closing
Jan 11, 2022
About this deal
AI
The office property located at 5600 Broken Sound Blvd. in Boca Raton has been sold for a total price of $25,000,000. The property spans a total square footage of 143,530, resulting in a price per square foot of $174. The sale took place on January 11, 2022.
Summary of transaction details
- Property Type: Office
- Transaction Amount: $25,000,000
- Address: 5600 Broken Sound Blvd., Boca Raton
- Market: Boca Raton
The buyer of the property is Oak Street Real Estate Capital, represented by Marc Zahr. The seller is NSD.
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
0.63%
Cash-on-Cash
-0.18%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93