James P Day Acquires Offices In Boca Raton, FL For $2.05M
6751 Federal Highway, Boca Raton, Florida 33487, United States
$2,050,000
Building Size
—
Asset Type
Office
Closing
Dec 21, 2021
AI
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
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
7.74%
Cash-on-Cash
-2.21%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93