Emerald Empire Acquires Retail Property In Boca Raton For $25M
21077 Powerline Road, Boca Raton, Florida 33433, United States
$25,000,000
$577/SF
Building Size
43,287 SF
Asset Type
Retail
Closing
May 25, 2022
About this deal
AI
On May 26, 2022, a retail property located at 21077 Powerline Road in Boca Raton was sold for $25,000,000. The property encompasses approximately 6.3 acres and offers a total of 77,000 square feet of space. The purchase price per square foot amounts to $325.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $25,000,000
- Address: 21077 Powerline Road, Boca Raton
- Market: Boca Raton
- Acres: 6.3
The buyer of the property is Emerald Empire, represented by Moshe Wechsler. On the other hand, the seller is Isram Realty Group, represented by Shaul Rikman, Roni Soffer, and Matthew Rikman.
On the Map
$25,000,000
$577/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
0.63%
Cash-on-Cash
-0.18%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93