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Carlyle Management Acquires Retail Property In Boynton Beach For $33M

Property Image
SOLD
$33,000,000
Cameron Beck
Kim Flores
+ 3

Florida

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52,152 SF
Sold 09/08/2022
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Property Image
SOLD

Carlyle Management Acquires Retail Property In Boynton Beach For $33M

9850 Jog Road

See Similar Deals
52,152 SF
Sold 09/08/2022
Cameron Beck
Kim Flores
+ 3
Contact now

Summary

FLORIDA
Price Per Square Foot:$632
Total Square Footage:52,152 SF
Transaction Type:Sale

The property asset involved in this transaction is a retail space located at 9850 Jog Rd in Boynton Beach. The transaction amounts to $33,000,000 for a total square footage of 52,152, resulting in a price per square foot of $633.

Summary of transaction details:

Distinct individuals associated with this transaction include Gerald Simon representing Carlyle Management as the buyer and Danny Finkle, Eric Williams, Kim Flores, Cameron Beck, and Michael Kavaler collectively serving as the brokers from JLL representing the seller PEBB Enterprises & Banyan Development.

Players

Danny Finkle
57 deals$3.9B volume
BROKER

Eric Williams
Newmark
52 deals$2.8B volume
BROKER

Kim Flores
JLL
35 deals$3.2B volume
BROKER

Cameron Beck
JLL
15 deals$929.3M volume
BROKER

Michael Kavaler
JLL
15 deals$817.4M volume(917) 923-4242
BROKER

PEBB Enterprises
BROKERAGE



Details

SOLD
IMAGE: Michael Kavaler, Kim Flores, Danny Finkle, Cameron Beck & Eric Williams DATE: 09/08/2022 ADDRESS: 9850 Jog Rd MARKET: Boynton Beach ASSET TYPE: Retail BUYER: Carlyle Management - Gerald Simon SELLER: PEBB Enterprises & Banyan Development BROKERS: Danny Finkle, Eric Williams, Kim Flores, Cameron Beck & Michael Kavaler - JLL SALE PRICE: $33,000,000 SF: 52,152 ~ PPSF: $633

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$1,759,999.99

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$117,242.04
Cash-on-Cash Return-1.27%
Monthly Debt Service$156,436.84
Annual Debt Service$1,877,242.03