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Cypress West & TPG/Angelo Gordon Acquire Office Asset In Boca Raton For $33.6M

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SOLD
$33,600,000
Gino J. Lollio
Scott O'Donnell
+ 1

Florida

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Office101,546 SF
Sold 08/21/2025
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Property Image
SOLD

Cypress West & TPG/Angelo Gordon Acquire Office Asset In Boca Raton For $33.6M

7301 West Palmetto Park Road

See Similar Deals
Office101,546 SF
Sold 08/21/2025
Gino J. Lollio
Scott O'Donnell
+ 1
Contact now

Summary

FLORIDA
Asset Type:Office
Price Per Square Foot:$330
Total Square Footage:101,546 SF
Transaction Type:Sale

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.

Players

Scott O'Donnell
32 deals$581M volume
BROKER

Michael (Mike) Ciadella
Cushman & Wakefield
34 deals$590M volume
BROKER

Travis Ives
Cushman & Wakefield
16 deals$493.4M volume
BROKER

Gino J. Lollio
Cushman & Wakefield
15 deals$482.4M volume(312) 338-7061
BROKER

Cushman & Wakefield
BROKERAGE

Details

SOLD
IMAGE: Scott O'Donnell, Mike Ciadella, Gino J. Lollio & Travis Ives DATE: 08/21/2025 ADDRESS: 7301 & 7301A West Palmetto Park Road MARKET: Boca Raton ASSET TYPE: Office BUYER: Cypress West & TPG/Angelo Gordon SELLER: IP Capital Partners & The Ardent Companies BROKERS: Scott O'Donnell, Mike Ciadella (@MikeCiadella), Gino J. Lollio & Travis Ives - Cushman & Wakefield SALE PRICE: $33,600,000 SF: 101,546 ~ PPSF: $330

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

$1,792,000.01

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$119,373.70
Cash-on-Cash Return-1.27%
Monthly Debt Service$159,281.14
Annual Debt Service$1,911,373.70