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6600 High Ridge Road

Oxford Properties Group Acquires Industrial Property In Boynton Beach For $15.5M
SOLDIndustrial

Oxford Properties Group Acquires Industrial Property In Boynton Beach For $15.5M

6600 High Ridge Road

$15,500,000

$185/SF

Building Size

83,378 SF

Asset Type

Industrial

Closing

Oct 1, 2021

AI

6600 & 7700 High Ridge Road in Boynton Beach has been sold in a recent transaction. The property, classified as an industrial asset, spans across 83,378 square feet. The sale took place on October 1, 2021, with a sale price of $15,500,000. This equates to a price per square foot of $186.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: $15,500,000
  • Buyer: Oxford Properties Group - Michael Turner
  • Seller: KKR - Henry Kravis
  • Address: 6600 & 7700 High Ridge Road
  • Market: Boynton Beach

Oxford Properties Group, represented by Michael Turner, acquired the property from KKR, represented by Henry Kravis. The transaction showcases the involvement of key individuals and companies in the deal.

Players

Oxford Properties Group
Oxford Properties GroupBrokerage
Oxford Properties Group
Oxford Properties GroupBuyer

Henry Kravis

KKR

Seller

$2.3B

vol

9 deals

Seller

Boynton Beach Industrial Market Snapshot

Boundary boundary · Industrial · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

1.02%

Cash-on-Cash

-0.29%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93