Roee Ben Moshe Purchases Retail Property On Yamato Road In Boca Raton For $3M

The property asset involved in the transaction is located at 10075 Yamato Road in Boca Raton. This retail space encompasses a total of 6,500 square feet and was sold for $3,000,000, resulting in a price per square foot of $461. The sale reflects a competitive market value in the area.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $3,000,000
• Square Footage: 6,500
• Price per Square Foot: $461
• Buyer: Roee Ben Moshe
• Seller: Alberto Lensi
• Seller's Representatives: Elon Gerberg, Michael Barashick, Adam H. Klein - ROI Group - SVN
• Market: Boca Raton
• Cap Rate: 5.7%

The transaction showcased the expertise of the ROI Group at SVN, which successfully generated multiple competitive bids in a short timeframe. All tenants, including Sherwin Williams, had lease terms of 2 years or less, and the property required significant deferred maintenance.