The Becker Organization Acquires Retail Property In Boca Raton For $18.25M
1351 NW Boca Raton Blvd, Boca Raton, FL 33432
$18,250,000
$266/SF
Building Size
68,389 SF
Asset Type
Retail
Closing
Jun 28, 2022
AI
The Becker Organization, represented by Bryan Becker, Joseph Zito, and Scott Glauberg, has acquired a retail property located at 1351 NW Boca Raton Blvd in Boca Raton. The seller of the property is MB-BW Boca, represented by Malcolm Butters. The transaction was facilitated by Scott O'Donnell and Mike Ciadella from Cushman & Wakefield.
Summary of Transaction Details
- Property Type: Retail
- Transaction Amount: $18,250,000
- Address: 1351 NW Boca Raton Blvd
- Market: Boca Raton
- Buyer: The Becker Organization - Bryan Becker, Joseph Zito, and Scott Glauberg
- Seller: MB-BW Boca - Malcolm Butters
- Brokers: Scott O'Donnell and Mike Ciadella - Cushman & Wakefield
- Square Footage: 68,389
- Price Per Square Foot: $267
This transaction highlights the successful collaboration between The Becker Organization and MB-BW Boca, as well as the expertise and representation provided by broker representatives Scott O'Donnell and Mike Ciadella. The acquisition of this retail property in Boca Raton further strengthens The Becker Organization's portfolio and demonstrates their commitment to expansion and investment in the market.
Players
Boca Raton Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.87%
Cash-on-Cash
-0.25%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93