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CareRite Centers Acquires Medical Facility In Boca Raton For $14.9M

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SOLD
$14,900,000

Florida

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Other80,275 SF
Sold 11/18/2021
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SOLD

CareRite Centers Acquires Medical Facility In Boca Raton For $14.9M

6363 Verde Trail South, Boca Raton, FL 33433

See Similar Deals
Other80,275 SF
Sold 11/18/2021
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Summary

FLORIDA
Asset Type:Other
Price Per Square Foot:$185
Total Square Footage:80,275 SF
Transaction Type:Sale

On November 18, 2021, a medical facility located at 6363 Verde Trail South in Boca Raton was sold for $14,900,000. Spanning across 8.37 acres, this property offers a total of 180 rooms with a price per room of $82,778. The facility measures 80,275 square feet, resulting in a price per square foot of $186. The transaction involved the buyer, CareRite Centers, and the seller, Cascade Capital Partners, represented by Chaim Rajchenbach and Menachem “Nachy” Shabat.

Summary of transaction details:

  • Property Type: Medical Facility
  • Transaction Amount: $14,900,000
  • Address: 6363 Verde Trail South
  • Market: Boca Raton
  • Acres: 8.37
  • Rooms: 180
  • Price per Room: $82,778
  • Square Feet: 80,275
  • Price per Square Foot: $186

The transaction was facilitated with a loan amount of $31,520,000 provided by VNB New York LLC. It is worth noting that this article does not provide any additional information regarding the deal.

Players

BUYER

2 deals$47.8M volume
SELLER

Details

SOLD
IMAGE: Chaim Rajchenbach & Menachem “Nachy” Shabat DATE: 11/18/2021 ADDRESS: 6363 Verde Trail South MARKET: Boca Raton ASSET TYPE: Medical Facility ~ ACRES: 8.37 BUYER: CareRite Centers SELLER: Cascade Capital Partners - Chaim Rajchenbach & Menachem “Nachy” Shabat SALE PRICE: $14,900,000 ROOMS: 180 ~ PPR: $82,778 SF: 80,275 ~ PPSF: $186 LENDER: VNB New York LLC LOAN AMOUNT: $31,520,000

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0.94x

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