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9850 Jog Road

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

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:

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

JLL

Broker

$3.9B

vol

57 deals

Broker
PEBB Enterprises
PEBB EnterprisesBrokerage

Gerald Simon

Carlyle Group

Buyer

$46M

vol

2 deals

Buyer
PEBB Enterprises
PEBB EnterprisesSeller

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