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
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.
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