Neil Merin, Jordan C. Paul & Dung Lam Acquire Boca Raton Office For $45.9M
999 Yamato Road, Boca Raton, Florida 33487, United States
$45,925,000
$267/SF
Building Size
171,724 SF
Asset Type
Office
Closing
May 9, 2022
About this deal
AI
The office property located at 999 & 1001 Yamato Road in Boca Raton has been sold in a transaction involving Neil Merin, Jordan C. Paul & Dung Lam. The property was purchased by MHCommercial Real Estate Fund II, along with their joint venture partner. The seller of the property was Adler Real Estate Partners. The sale price for the property was $45,925,000, and it encompasses a total area of 171,724 square feet, resulting in a price per square foot of $267.
Summary of transaction details
- Property Type: Office
- Transaction Amount: $45,925,000
- Address: 999 & 1001 Yamato Road, Boca Raton
- Market: Boca Raton
Neil Merin, Jordan C. Paul & Dung Lam, representing MHCommercial Real Estate Fund II, were the buyers in this transaction. They were assisted by their joint venture partner. On the seller's side, the deal was facilitated by Adler Real Estate Partners.
On the Map
$45,925,000
$267/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
0.35%
Cash-on-Cash
-0.10%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93