Kotesh Nadipalli Sells Office Building In Boca Raton For $4M
SOLD
$4,000,000
Florida
See Similar DealsOffice5,800 SF
Sold 06/29/2022
SOLD
Kotesh Nadipalli Sells Office Building In Boca Raton For $4M
7001 Federal Highway
See Similar DealsOffice5,800 SF
Sold 06/29/2022
Summary
FLORIDA
Asset Type:Office
Price Per Square Foot:$689
Total Square Footage:5,800 SF
Transaction Type:Sale
The office property located at 7001 N Federal Hwy in Boca Raton has been sold for a total price of $4,000,000. The property spans approximately 5,800 square feet, resulting in a price per square foot of $690.
Summary of transation details
- Property Type: Office
- Transaction Amount: $4,000,000
- Address: 7001 N Federal Hwy, Boca Raton
- Market: Boca Raton
The seller of the property was Kotesh Nadipalli. The sale was facilitated by Alan Kaye from Transworld Commercial Real Estate and Sean Mooney from Sutter & Nugent. These experienced brokers represented the seller in the transaction.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$213,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$14,211.17
Cash-on-Cash Return-1.27%
Monthly Debt Service$18,962.04
Annual Debt Service$227,544.49
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