Tricera Capital Acquires Office Building In Boca Raton For $20M
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This Office property located in FL was sold for $20,000,000 over 2 years ago. The brokers of the deal were Tyler Kuhlman, Douglas (Doug) Mandel, and Jonathan More
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- Location1675 N Military Trl, Boca Raton, FL, USA
- Sale Price$20,000,000$285 PPSF
- Area70,000 SF
- Asset TypeOffice
- Parties3 Brokers, 2 Agencies
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Deal Summary
SALE
IMAGE: Jonathan More, Scott Sherman, Douglas K. Mandel & Tyler S. Kuhlman
DATE: 11/23/2021
ADDRESS: 1675 N Military Trl
MARKET: Boca Raton
ASSET TYPE: Office
BUYER: Scott Sherman - Tricera Capital
SELLER: Randy Rossini - 5295 Center Realty Associates
BROKERS: Tyler S. Kuhlman (@TylerKuhlman_), Douglas K. Mandel, Jonathan More - Marcus & Millichap
SALE PRICE: $20,000,000
SF: 70,000 ~ PPSF: $286
NOTE: “Lack of new construction has driven rental rates and occupancy as Florida continues to see strength in fundamentals predicated on population and financial migration,” stated Kuhlman. Jonathan Moore assisted by securing nearly $20M in financing for Tricera Capital.
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1675 North Military Trail
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