James H. Batmasian Acquires Office Building In Boca Raton For $9.2M
7601 North Federal Highway, Boca Raton, Florida 33487, United States
$9,200,000
Building Size
—
Asset Type
Office
Closing
Jun 20, 2022
AI
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.
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
1.72%
Cash-on-Cash
-0.49%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93