Kotesh Nadipalli Sells Office Building In Boca Raton For $4M
7001 Federal Highway
$4,000,000
$689/SF
Building Size
5,800 SF
Asset Type
Office
Closing
Jun 29, 2022
AI
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.
Players
Fort Lauderdale 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
3.97%
Cash-on-Cash
-1.13%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93