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1351 NW Boca Raton Blvd, Bo...

The Becker Organization Acquires Retail Property In Boca Raton For $18.25M
SOLDRetail

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

Scott O'Donnell

Cushman & Wakefield

Broker

$581M

vol

32 deals

Broker

Bryan Becker

The Becker Organization

Buyer

$29.3M

vol

3 deals

Buyer
TO
The Becker OrganizationBuyer
Malcolm Butters

Malcolm Butters

Seller

$344.1M

vol

13 deals

Seller

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