Updated Oct 28, 2024
BRP Green Cay LLC Acquires 15 Acre Development Site In Boynton Beach For $8.65M
Flavor Pict Road, Boynton Beach, Florida 33473, United States
$8,650,000
Building Size
—
Asset Type
Development Site
Closing
Aug 16, 2022
About this deal
AI
The development site located at the northwest corner of Jog Road and Flavor Pict Road in Boynton Beach has been sold for $8,650,000. The property spans across 15 acres, making it a substantial asset in the area.
Summary of transaction details:
- Property Type: Development Site
- Transaction Amount: $8,650,000
- Address: Nortwest Corner of Jog Road and Flavor Pict Road
- Market: Boynton Beach
- Acres: 15
The buyer, BRP Green Cay LLC, represented by Richard Ackerman from BRP Senior Housing Management, acquired the property from Green Cay Life Plan Village, with Troy T. Taylor as the seller. The deal showcases the involvement of key individuals and companies, highlighting the significant role they played in the transaction.
Players
Boynton Beach Development Site Market Snapshot
Boundary boundary · Development Site · Sale transactions
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Deal FAQ
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.83%
Cash-on-Cash
-0.52%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93