Milano Nicholas G Trustee Acquires Other Vacant Property In Boca Raton,FL For $16M
2633 Spanish River Road, Boca Raton, Florida 33432, United States
$16,000,000
$1,606/SF
Building Size
9,961 SF
Asset Type
Other
Closing
Feb 10, 2022
About this deal
AI
The property located at 2633 Spanish River Rd in Boca Raton, FL was recently sold in a closed transaction. The asset, classified as "Other Vacant," spans a total area of 9,961 square feet. The sale took place on February 11, 2022, with a selling price of $16,000,000, resulting in a price per square foot of $1,606.
Summary of transaction details:
- Property Type: Other Vacant
- Transaction Amount: $16,000,000
- Address: 2633 Spanish River Rd, Boca Raton, FL
- Market: Boca Raton, FL
- Buyer: Milano Nicholas G Trustee; Spanish River Road Land Trust
- Seller: Karen Calvino & Salvatore Calvino
The buyer in this transaction is Milano Nicholas G Trustee, representing the Spanish River Road Land Trust. On the other hand, the sellers of the property are Karen Calvino and Salvatore Calvino. These key individuals played a crucial role in the deal, facilitating the successful transfer of ownership.
Players
Boca Raton Other Market Snapshot
Boundary boundary · Other · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.99%
Cash-on-Cash
-0.28%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93