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
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