Northbridge Investment Management Acquires Property From Cohen Real Estate For $33.27M In Boca Raton
SOLD
$33,270,000
Florida
See Similar DealsRetail136,321 SF
SOLD
Northbridge Investment Management Acquires Property From Cohen Real Estate For $33.27M In Boca Raton
19575 Sr 7, Boca Raton, FL, 33498
See Similar DealsRetail136,321 SF
Summary
FLORIDA
Asset Type:Retail
Price Per Square Foot:$244
Total Square Footage:136,321 SF
Transaction Type:Sale
The property involved in this transaction is located at 19575 Sr 7, Boca Raton, FL, 33498, within the Boca Raton market. The sale price of the asset is $33,270,000.00, and it encompasses a total square footage of 136,321.
Summary of transaction details:
- Property Type: Sale
- Transaction Amount: $33,270,000.00
- Address: 19575 Sr 7, Boca Raton, FL, 33498
- Market: Boca Raton
- Seller: Cohen Real Estate
- Buyer: Northbridge Investment Management
- Seller's Representative: Casey Rosen - CBRE
The transaction involved Cohen Real Estate as the seller and Northbridge Investment Management as the buyer, with Casey Rosen from CBRE representing the seller in this deal. Each party played a significant role in facilitating the transaction.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$1,774,399.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$118,201.29
Cash-on-Cash Return-1.27%
Monthly Debt Service$157,716.77
Annual Debt Service$1,892,601.28
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