facebook

traded

+ Submit
Home

/

Deals

/

Florida

/

Office

/

Sale

/

950 Peninsula Corp Circle

Bark Management Acquires Office Asset From Malcolm Butters For $15.3M In Boca Raton
SOLDOffice

Bark Management Acquires Office Asset From Malcolm Butters For $15.3M In Boca Raton

950 Peninsula Corp Circle

$15,300,000

$313/SF

Building Size

48,829 SF

Asset Type

Office

Closing

Mar 11, 2025

AI

The office asset located at 950 Peninsula Corp Circle in Boca Raton has an approximate square footage of 48,829 and was sold for $15,300,000, resulting in a price per square foot of $313.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: $15,300,000
  • Address: 950 Peninsula Corp Circle
  • Market: Boca Raton
  • Square Footage: 48,829
  • Price Per Square Foot: $313
  • Buyer: Bark Management
  • Seller: Malcolm Butters - Butters Realty
  • Brokers: Zach Levine, Douglas Mandel & Joshua Gilbert - Marcus & Millichap

The transaction was facilitated by brokers Zach Levine, Douglas Mandel, and Joshua Gilbert, who represent the buyer Bark Management as part of their role at Marcus & Millichap. The seller, Malcolm Butters of Butters Realty, completed the sale as part of their real estate dealings.

Players

Douglas K. Mandel

Marcus & Millichap

Broker

$1.1B

vol

72 deals

Broker
Malcolm Butters

Malcolm Butters

Butters Realty & Management

Seller

$344.1M

vol

13 deals

Seller

Boca Raton Office Market Snapshot

Boundary boundary · Office · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

1.04%

Cash-on-Cash

-0.30%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93