Worth Property Group Brokers Handle $6.7M Retail Sale In Boca Raton
SOLD
$6,700,000
Florida
See Similar DealsRetail5,650 SF
Sold 09/09/2022
SOLD
Worth Property Group Brokers Handle $6.7M Retail Sale In Boca Raton
233 Federal Highway
See Similar DealsRetail5,650 SF
Sold 09/09/2022
Summary
FLORIDA
Asset Type:Retail
Price Per Square Foot:$1,185
Total Square Footage:5,650 SF
Transaction Type:Sale
Located at 233 S Federal Hwy in Boca Raton, this retail property was recently sold in a closed transaction. The property spans 5,650 square feet and was sold for a total price of $6,700,000. With a price per square foot (PPSF) of $1,186, this transaction represents a significant investment in the Boca Raton market.
Summary of transaction details
- Property Type: Retail
- Sale Price: $6,700,000
- Square Footage: 5,650
- Price Per Square Foot (PPSF): $1,186
- Address: 233 S Federal Hwy, Boca Raton
- Market: Boca Raton
The deal was facilitated by Jill Pescatore and Lauren Curcio from Worth Property Group. As the representatives for both the buyer and seller, they played a crucial role in ensuring a successful transaction. Their expertise in the Boca Raton market contributed to the favorable outcome of this deal.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$357,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$23,803.70
Cash-on-Cash Return-1.27%
Monthly Debt Service$31,761.42
Annual Debt Service$381,137.02
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