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6111 Broken Sound Parkway N...

Stuart Meyers & Ariel Bentata Acquire The Atrium At Broken Sound Office Property In Boca Raton For $25M
SOLDOffice

Stuart Meyers & Ariel Bentata Acquire The Atrium At Broken Sound Office Property In Boca Raton For $25M

6111 Broken Sound Parkway Northwest

$25,000,000

$250/SF

Building Size

100,000 SF

Asset Type

Office

Closing

Dec 29, 2023

AI

Meyers Accesso has purchased The Atrium at Broken Sound, a 100,000-square-foot Class-A office property in Boca Raton, Florida, for $25 million. The three-story building, recently renovated, is located within The Park at Broken Sound and sits on 10.44 acres of land with views of The Old Course golf course. With 74% occupancy, this office property offers a prime location and attractive amenities.

Summary of transaction details

  • Property Type: Office
  • Transaction Amount: $25,000,000
  • Address: 6111 Broken Sound Parkway Northwest
  • Market: Boca Raton
  • Acres: 10.44

The buyer, Stuart Meyers & Ariel Bentata of Meyers Accesso, successfully acquired The Atrium at Broken Sound. On the other hand, Alchemy Abr Bcp Broken Sound 1 LLC acted as the seller in this lucrative deal. The purchase of this Class-A office property for $25 million showcases the strategic investment approach of Meyers Accesso, capitalizing on the attractive features and potential of this prime location in Boca Raton. It is a testament to the buyer's expertise in identifying and leveraging investment opportunities in the real estate market.

Players

Ariel Bentata

Buyer

$195.7M

vol

8 deals

Buyer
AA
Alchemy - ABRSeller

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