SOLDRetail
James Batmasian Acquires Boca Sandalfoot Medical Plaza From Dr Owen Barruw And Others For $3.4M
9910 Sandalfoot Boulevard
$3,400,000
$265/SF
Building Size
12,785 SF
Asset Type
Retail
Closing
Apr 9, 2026
About this deal
AI
The property involved in this transaction is a retail asset located at 9910 Sandalfoot Boulevard, Boca Raton, FL. The sale price for the property was $3,400,000, with a total square footage of 12,785 and a price per square foot of $265.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $3,400,000
- Buyer: James Batmasian
- Seller: Dr. Owen Barruw, Dr. Mitchell Goldstein, Dr. Lynda Altman & Dr. D Utamsingh
- Broker Representatives: Elon Gerberg & Adam H. Klein - Vision Real Estate Advisors
- Closing Date: 04/10/2026
- Non-refundable Deposit: $500,000
- Closing Period: 7 days from contract signing
The transaction was facilitated by brokers Elon Gerberg and Adam H. Klein from Vision Real Estate Advisors. This sale is notable as it follows two other successful transactions in the same area, indicating a robust demand for commercial properties in the vicinity. The competitive bidding process contributed to the sale being above the list price, showcasing the active interest from buyers in the local market.
On the Map
$3,400,000
$265/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
4.67%
Cash-on-Cash
-1.33%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93