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233 Federal Highway

Worth Property Group Brokers Handle $6.7M Retail Sale In Boca Raton
SOLDRetail

Worth Property Group Brokers Handle $6.7M Retail Sale In Boca Raton

233 Federal Highway

$6,700,000

$1,185/SF

Building Size

5,650 SF

Asset Type

Retail

Closing

Sep 9, 2022

AI

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.

Players

Jill Pescatore

Worth Property Group

Broker

$6.7M

vol

3 deals

Broker

Kuala Lumpur Retail Market Snapshot

Boundary boundary · Retail · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

2.37%

Cash-on-Cash

-0.68%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93