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James P Day Acquires Offices In Boca Raton, FL For $2.05M

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SOLD
$2,050,000

Florida

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Office
Sold 12/22/2021
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Property Image
SOLD

James P Day Acquires Offices In Boca Raton, FL For $2.05M

6751 Federal Highway, Boca Raton, Florida 33487, United States

See Similar Deals
Office
Sold 12/22/2021
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Summary

FLORIDA
Asset Type:Office
Transaction Type:Sale

The office property located at 6751 N Federal Hwy in Boca Raton, FL has been sold in a transaction that took place on December 22, 2021. The property was sold for a price of $2,050,000. The buyers in this transaction were James P Day, while the sellers were Elizabeth Schwartz and Steven G Schwartz.

Summary of transaction details

  • Property Type: Offices
  • Transaction Amount: $2,050,000
  • Address: 6751 N Federal Hwy, Boca Raton, FL

The sale of this office property marks an important milestone in the real estate market. James P Day represented the buyer in this transaction, while Elizabeth Schwartz and Steven G Schwartz were the sellers. The sale price of $2,050,000 reflects the value of the property and highlights its attractiveness to potential buyers. This transaction demonstrates the ongoing activity and demand in the office market in Boca Raton, FL.

Players

3 deals$85M volume
SELLER

Details

SOLD
IMAGE: 12/22/2021 ADDRESS: 6751 N Federal Hwy , 6751 N Federal Hwy , 6751 N Federal Hwy & 6751 N Federal Hwy MARKET: Boca Raton, FL ASSET TYPE: Offices BUYER: James P Day SELLER: Elizabeth Schwartz & Steven G Schwartz PRICE: $2,050,000

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$109,333.32

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$7,283.23
Cash-on-Cash Return-1.27%
Monthly Debt Service$9,718.05
Annual Debt Service$116,616.55