Nick Polyushkin Acquires Office Building In Boca Raton For $6.35M
8000 N Federal Hwy, Boca Raton, FL 33487
$6,350,000
$238/SF
Building Size
26,655 SF
Asset Type
Office
Closing
Feb 21, 2022
About this deal
AI
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.
On the Map
$6,350,000
$238/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
2.50%
Cash-on-Cash
-0.71%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93