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

Property Image
SOLD
$3,000,000
Elon Gerberg
Adam H. Klein
Michael Barashick

Florida

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Retail6,500 SF
Sold
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Roee Ben Moshe Purchases Retail Property On Yamato Road In Boca Raton For $3M

10075 Yamato Road

See Similar Deals
Retail6,500 SF
Sold
Elon Gerberg
Adam H. Klein
Michael Barashick
the dealplayerscompscontact
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Summary

FLORIDA
Asset Type:Retail
Price Per Square Foot:$461
Total Square Footage:6500 SF
Transaction Type:Sale

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.

Players

Adam H. Klein
Vision Real Estate Advisors
Adam H. Klein
37 deals$126.4M volume(516) 445-3070
BROKER
Elon Gerberg
Elon Gerberg
38 deals$140.8M volume(954) 299-9556
BROKER
Michael Barashick
SVN
Michael Barashick
2 deals$4.5M volume(561) 444-6489
BROKER

Details

SOLD
IMAGE: Adam H. Klein, Elon Gerberg & Michael Barashick DATE: 09/30/2024 ADDRESS: 10075 Yamato Road MARKET: Boca Raton ASSET TYPE: Retail BUYER: Roee Ben Moshe SELLER: Alberto Lensi SELLER'S REP: Elon Gerberg (@ElonGerbergroi), Michael Barashick (@Michael.Barashick), Adam H. Klein (@AdamhKlein.roigroup) - ROI Group (@ROIgroupofSVN) - SVN (@SVN_CommercialPartners) SALE PRICE: $3,000,000 SF: 6,500 ~ PPSF: $461 NOTE FROM BROKER: All tenants, including Sherwin Williams, had lease terms of 2 years or less, and the property required significant deferred maintenance. The @ROIgroupofSVN generated multiple competitive bids within days by utilizing our extensive network and strategic marketing, achieving a top-of-market sale at a 5.7% cap rate. For more information, contact the ROI Group at SVN Commercial Partners: Elon Gerberg ([email protected], 561.485.1129) Adam H. Klein ([email protected], 516.445.3070) Michael Barashick ([email protected] , 561.444.6489) Follow us for exclusive listings and commercial real estate investment tips: https://linktr.ee/roigroupofsvn

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$160,000.01

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$10,658.36
Cash-on-Cash Return-1.27%
Monthly Debt Service$14,221.53
Annual Debt Service$170,658.37