Oak Street Real Estate Capital Acquires Office Building In Boca Raton For $25M
SOLD
$25,000,000
Florida
See Similar DealsOffice143,530 SF
Sold 01/11/2022
SOLD
Oak Street Real Estate Capital Acquires Office Building In Boca Raton For $25M
5600 Broken Sound Blvd, Boca Raton, FL 33487
See Similar DealsOffice143,530 SF
Sold 01/11/2022
Summary
FLORIDA
Asset Type:Office
Price Per Square Foot:$174
Total Square Footage:143,530 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$1,333,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$88,819.73
Cash-on-Cash Return-1.27%
Monthly Debt Service$118,512.75
Annual Debt Service$1,422,153.05
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