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Emerald Empire Acquires Retail Property In Boca Raton For $25M

Property Image
SOLD
$25,000,000
RS
MW

Florida

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Retail43,287 SF
Sold 05/26/2022
the dealplayerscompscontact
Property Image
SOLD

Emerald Empire Acquires Retail Property In Boca Raton For $25M

21077 Powerline Road, Boca Raton, Florida 33433, United States

See Similar Deals
Retail43,287 SF
Sold 05/26/2022
RS
MW
the dealplayerscompscontact
Contact now

Summary

FLORIDA
Asset Type:Retail
Price Per Square Foot:$577
Total Square Footage:43,287 SF
Transaction Type:Sale

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.

Players

MW
Moshe Wechsler
2 deals$625M volume
BUYER
RS
Roni Soffer
2 deals$61M volume
SELLER
RS
Roni Soffer
2 deals$61M volume
SELLER

Details

SOLD
IMAGE: Roni Soffer, Shaul Rikman, Moshe Wechsler & Matthew Rikman DATE: 05/26/2022 ADDRESS: 21077 Powerline Road MARKET: Boca Raton ASSET TYPE: Retail ~ ACRES: 6.3 BUYER: Emerald Empire - Moshe Wechsler SELLER: Isram Realty Group - Shaul Rikman, Roni Soffer & Matthew Rikman (@RikmanMatthew) SALE PRICE: $25,000,000 SF: 77,000 ~ PPSF: $325

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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$88,819.73
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