Andrew Duell Acquires Retail Property In Boca Raton, FL For $6.8M
6500 Federal Highway, Boca Raton, Florida 33483, United States
$6,842,057
$457/SF
Building Size
14,967 SF
Asset Type
Retail
Closing
Apr 12, 2022
About this deal
AI
An approximately 14,967 square foot retail property located at 6500 N Federal Hwy in Boca Raton, FL was recently sold. The transaction took place on April 13, 2022, and the property was acquired for a price of $6,842,057, resulting in a price per square foot of $457.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $6,842,057
- Address: 6500 N Federal Hwy, Boca Raton, FL
- Square Footage: 14,967
- Price per Square Foot: $457
The buyer in this transaction was Andrew Duell, while the sellers were Melinda D. Whittington and Dale E. Ulman. No additional information about the deal's key individuals or companies was provided.
On the Map
$6,842,057
$457/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
2.32%
Cash-on-Cash
-0.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93