Nick Polyushkin Acquires Office Building In Boca Raton For $6.35M
SOLD
$6,350,000
Florida
See Similar DealsOffice26,655 SF
Sold 02/22/2022
SOLD
Nick Polyushkin Acquires Office Building In Boca Raton For $6.35M
8000 N Federal Hwy, Boca Raton, FL 33487
See Similar DealsOffice26,655 SF
Sold 02/22/2022
Summary
FLORIDA
Asset Type:Office
Price Per Square Foot:$238
Total Square Footage:26,655 SF
Transaction Type:Sale
Nick Polyushkin of Vera Realty has completed the sale of an office property located at 8000 N Federal Hwy in Boca Raton. The transaction took place on 02/22/2022 and the property was sold by Eric Platero for a total price of $6,350,000. The office building spans approximately 26,655 square feet, resulting in a price per square foot of $238.
Summary of transaction details
- Property Type: Office
- Transaction Amount: $6,350,000
- Address: 8000 N Federal Hwy, Boca Raton
- Market: Boca Raton
- Buyer: Nick Polyushkin
- Seller: Eric Platero
- Broker: Nick Polyushkin - Vera Realty
- Square Footage: 26,655
- Price Per Square Foot: $238
Nick Polyushkin of Vera Realty represented both the buyer and seller in this transaction.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$338,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$22,560.21
Cash-on-Cash Return-1.27%
Monthly Debt Service$30,102.24
Annual Debt Service$361,226.88
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