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
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
Loading comparables…
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