Updated Dec 21, 2023
PEBB Enterprises Acquires Development Site In Boynton Beach For $27M
6405 W Boynton Beach Blvd, Boynton Beach, FL 33437, USA
Building Size
143,000 SF
Asset Type
Development Site
Closing
Apr 22, 2020
About this deal
AI
Rene F. Jones, Todd Rosenberg, and Ian Weiner have closed on a development site located at 6405 W. Boynton Beach Blvd in Boynton Beach. The property is owned by PEBB Enterprises, with Ian Weiner, Todd Rosenberg, and Banyan Development representing the landlord. The deal was facilitated by M&T Bank, with Rene F. Jones serving as the lender.
Summary of transaction details
- Property Type: Development site
- Transaction Amount: $27,000,000
- Address: 6405 W. Boynton Beach Blvd
- Market: Boynton Beach
- BSF: 143,000
The key individuals involved in the deal include Rene F. Jones from M&T Bank, who acted as the lender for the transaction. The property is owned by PEBB Enterprises, with Ian Weiner, Todd Rosenberg, and Banyan Development representing the landlord.
Players
Boynton Beach Development Site Market Snapshot
Boundary boundary · Development Site · Loan transactions
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Deal FAQ
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93