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Allen Chelminsky Leases 11,...

Allen Chelminsky Leases 11,510 SF Office At 1200 North Federal Highway To NFSG
LEASED

Allen Chelminsky Leases 11,510 SF Office At 1200 North Federal Highway To NFSG

Building Size

Asset Type

Closing

Jun 14, 2026

AI

The property involved in the transaction is an office asset located at 1200 North Federal Highway in Boca Raton. The total square footage of the property is 11,510. The landlord for this lease is Allen Chelminsky.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: Not specified
  • Address: 1200 North Federal Highway
  • Market: Boca Raton
  • Asset Size: 11,510 SF
  • Landlord: Allen Chelminsky
  • Tenant: NFSG
  • Tenant's Representative: Dean Katz, Carlyle Coffin & Greg Katz - Stream Realty Partners

The key individuals involved in this transaction include landlord Allen Chelminsky and tenant NFSG. The tenant is represented by Dean Katz, Carlyle Coffin, and Greg Katz from Stream Realty Partners, highlighting the collaboration involved in finalizing this lease agreement.

Players

Dean Katz

Broker

$17.6M

vol

4 deals

Broker

Market CRE Market Snapshot

Boundary boundary · CRE · Lease transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

5.80%

Cash-on-Cash

-1.66%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93