Brian Ray Of Alchemy ABR Acquires Office Asset From Andrew Webb Of ICM Realty Group For $21.4M
6111 Broken Sound Pky Nw
$21,400,000
$232/SF
Building Size
91,912 SF
Asset Type
Office
Closing
Nov 8, 2018
About this deal
AI
The property asset involved in this transaction is located at 6111 Broken Sound Parkway NW in Boca Raton and is classified as an office space. The transaction was closed at a price of $21,400,000.00 and encompasses a total area of 91,912 square feet.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $21,400,000.00
- Address: 6111 Broken Sound Pky Nw
- Market: Boca Raton
- Square Footage: 91,912.0
- Buyer: Brian Ray (Alchemy ABR)
- Seller: Andrew Webb (ICM Realty Group)
- Broker: Tyler Kuhlman
Key individuals involved in the transaction include Brian Ray, who represented Alchemy ABR as the buyer, and Andrew Webb from ICM Realty Group, who represented the seller. Tyler Kuhlman acted as the broker facilitating the transaction.
On the Map
$21,400,000
$232/SF
Office
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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
0.74%
Cash-on-Cash
-0.21%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93