Cypress West & TPG/Angelo Gordon Acquire Office Asset In Boca Raton For $33.6M
7301 West Palmetto Park Road
$33,600,000
$330/SF
Building Size
101,546 SF
Asset Type
Office
Closing
Aug 20, 2025
About this deal
AI
The property asset involved in the transaction is located at 7301 & 7301A West Palmetto Park Road in the Boca Raton market. This office asset was sold for a total amount of $33,600,000 and encompasses a total square footage of 101,546, resulting in a price per square foot of $330.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $33,600,000
- Address: 7301 & 7301A West Palmetto Park Road
- Market: Boca Raton
- Square Footage: 101,546
- Price Per Square Foot: $330
- Buyer: Cypress West & TPG/Angelo Gordon
- Seller: IP Capital Partners & The Ardent Companies
- Broker Representatives: Scott O'Donnell, Mike Ciadella, Gino J. Lollio & Travis Ives - Cushman & Wakefield
This transaction highlights the involvement of Cypress West and TPG/Angelo Gordon as the buyers, while the sellers were IP Capital Partners and The Ardent Companies. The deal was facilitated by Scott O'Donnell, Mike Ciadella, Gino J. Lollio, and Travis Ives, representing the brokerage firm Cushman & Wakefield.
On the Map
$33,600,000
$330/SF
Office
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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
0.47%
Cash-on-Cash
-0.13%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93