Updated Dec 4, 2024
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
About this deal
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.
On the Map
$15,500,000
$185/SF
Industrial
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Players
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