AeroEquity Partners LLC Acquires Office Building In Boca Raton For $6.3M
6700 Broken Sound Parkway Northwest, Boca Raton, FL, USA
$6,300,000
$288/SF
Building Size
21,832 SF
Asset Type
Office
Closing
Feb 11, 2021
About this deal
AI
An office property located at 6700 Northwest Broken Sound Parkway in Boca Raton has been sold. The transaction took place on 02/12/2021.
Summary of transation details
- Property Type: Office
- Transaction Amount: $6,300,000
- Square Footage: 21,832
- Price per Square Foot: $289
- Address: 6700 Northwest Broken Sound Parkway, Boca Raton
- Market: Boca Raton
The buyer, AeroEquity Partners LLC, represented by Michael Greene and David Rowe, acquired the property from William Scott Real Estate LLC, represented by Jeffrey W. Kleiman. The transaction was facilitated by CBRE.
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
2.52%
Cash-on-Cash
-0.72%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93