Andrew Duell Acquires Retail Property In Boca Raton, FL For $6.8M
SOLD
$6,842,057
Florida
See Similar DealsRetail14,967 SF
Sold 04/13/2022
SOLD
Andrew Duell Acquires Retail Property In Boca Raton, FL For $6.8M
6500 Federal Highway, Boca Raton, Florida 33483, United States
See Similar DealsRetail14,967 SF
Sold 04/13/2022
Summary
FLORIDA
Asset Type:Retail
Price Per Square Foot:$457
Total Square Footage:14,967 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$364,909.70
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$24,308.39
Cash-on-Cash Return-1.27%
Monthly Debt Service$32,434.84
Annual Debt Service$389,218.09
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