TMT Properties Acquires Retail Asset From Robert Lechter In Boca Raton For $18.5M
11379 W Palmetto Park Rd
$18,500,000
$172/SF
Building Size
107,000 SF
Asset Type
Retail
Closing
Mar 16, 2018
About this deal
AI
The asset involved in the transaction is a retail property located at 11379 W Palmetto Park Rd in Boca Raton. The property was sold for $18,500,000.00 and has a square footage of 107,000.0.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $18,500,000.00
- Address: 11379 W Palmetto Park Rd
- Market: Boca Raton
- Square Footage: 107,000.0
- Buyer: TMT PROPERTIES
- Seller: ROBERT LECHTER
- Broker: TYLER KUHLMAN
In this transaction, TMT PROPERTIES acquired the retail property from ROBERT LECHTER, represented by broker TYLER KUHLMAN. The negotiations and transfer of ownership were facilitated by the broker's expertise in the market.
On the Map
$18,500,000
$172/SF
Retail
View full map
Players
Boca Raton Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
Loading comparables…
Deal FAQ
Visit Tyler Kuhlman to view all their deals.
Browse Boca Raton retail sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.86%
Cash-on-Cash
-0.25%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93