FINANCED
IP Capital Partners & Edge Principal Advisors Secure $56.5M Loan For Boca Raton Office Property
2600-2700 North Military Trail
Office
243,000 SF
243,000 SF
Summary
Loan
FLORIDA
Office
243,000 sqft
The property involved in this transaction is an office located at 2600-2700 North Military Trail in Boca Raton. The property spans 243,000 square feet and sits on 15 acres of land.
Summary of transation details
- Property Type: Office
- Transaction Amount: $56,500,000
- Address: 2600-2700 North Military Trail, Boca Raton
- Market: Boca Raton
The lender for this transaction is the Canadian Imperial Bank of Commerce (CIBC). The landlord involved in this deal are IP Capital Partners and Edge Principal Advisors. The deal was facilitated by brokers Chris Drew, Maxx Carney, Reid Carleton, and Jimmy Calvo from JLL.
The loan amount for this acquisition was $56,500,000. The loan type is floating-rate.
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Details
FINANCED
IMAGE: Chris Drew, Maxx Carney & Reid Carleton
DATE: 10/05/2021
ADDRESS: 2600-2700 North Military Trail
MARKET: Boca Raton
ASSET TYPE: Office ~ SF: 243,000 ~ ACRES: 15
LENDER: Canadian Imperial Bank of Commerce (CIBC)
LANDLORD: IP Capital Partners & Edge Principal Advisors
BROKERS: Chris Drew, Maxx Carney, Reid Carleton & Jimmy Calvo - JLL
LOAN AMOUNT: $56,500,000
LOAN TYPE: Acquisition
LOAN TERMS: floating-rateView on map
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Address2600-2700 North Military Trail
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