James H. Batmasian Acquires Office Building In Boca Raton For $9.2M
SOLD
$9,200,000
Florida
See Similar DealsOffice
Sold 06/21/2022
SOLD
James H. Batmasian Acquires Office Building In Boca Raton For $9.2M
7601 North Federal Highway, Boca Raton, Florida 33487, United States
See Similar DealsOffice
Sold 06/21/2022
Summary
FLORIDA
Asset Type:Office
Transaction Type:Sale
An office building located at 7601 N Federal Hwy in Boca Raton, FL has been sold. The transaction took place on June 21, 2022. The property was sold for a total price of $9,200,000. The buyer of the office building is James H. Batmasian, while the sellers are Sarkis Bedevian and Peter Bedevian.
Summary of transaction details
- Property Type: Office Building
- Transaction Amount: $9,200,000
- Address: 7601 N Federal Hwy, Boca Raton, FL
- Buyer: James H. Batmasian
- Sellers: Sarkis Bedevian & Peter Bedevian
James H. Batmasian acted as the buyer in this transaction, acquiring the office building located at 7601 N Federal Hwy in Boca Raton, FL. Sarkis Bedevian and Peter Bedevian represented the sellers in the deal.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$490,666.68
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$32,685.64
Cash-on-Cash Return-1.27%
Monthly Debt Service$43,612.69
Annual Debt Service$523,352.32
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