Northbridge Investment Management Acquires Property From Cohen Real Estate For $33.27M In Boca Raton
19575 Sr 7, Boca Raton, FL, 33498
$33,270,000
$244/SF
Building Size
136,321 SF
Asset Type
Retail
Closing
Nov 19, 2023
About this deal
AI
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.
On the Map
$33,270,000
$244/SF
Retail
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Players
Boca Raton Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.48%
Cash-on-Cash
-0.14%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93