Carlyle Management Acquires Retail Property In Boynton Beach For $33M
9850 Jog Road
$33,000,000
$632/SF
Building Size
52,152 SF
Asset Type
—
Closing
Sep 8, 2022
AI
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:
- Property Type: Retail
- Transaction Amount: $33,000,000
- Address: 9850 Jog Rd
- Market: Boynton Beach
- Square Footage: 52,152
- Price per Square Foot: $633
- Buyer: Carlyle Management - Gerald Simon
- Seller: PEBB Enterprises & Banyan Development
- Brokers: Danny Finkle, Eric Williams, Kim Flores, Cameron Beck & Michael Kavaler - JLL
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
Boynton Beach CRE Market Snapshot
Boundary boundary · CRE · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.48%
Cash-on-Cash
-0.14%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93