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2633 Spanish River Road, Bo...

Updated Oct 28, 2024

Milano Nicholas G Trustee Acquires Other Vacant Property In Boca Raton,FL For $16M
SOLDOther

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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Deal FAQ

About $1.6K per square foot on a published $16M for 9,961 square feet (2022).

Browse Florida other sales on Traded.

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

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