Updated Dec 21, 2023
Jeff S Reamer Acquires Industrial Property In Boynton Beach For $7.2M
9437 State Road 7, Boynton Beach, Florida 33472, United States
$7,200,000
$5,797/SF
Building Size
1,242 SF
Asset Type
Industrial
Closing
May 30, 2022
About this deal
AI
The industrial property located at 9437 S State Road 7 in Boynton Beach, FL has been sold. The transaction took place on 05/31/2022.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $7,200,000
- Square Footage: 1,242
- Price per Square Foot: $5,797
The buyer of the property is Jeff S Reamer, while the sellers are Lois Soowal and Andrew Soowal.
This sale represents a significant transaction in the Boynton Beach market. The industrial property, encompassing 1,242 square feet, was sold for a total price of $7,200,000, resulting in a price per square foot of $5,797. Jeff S Reamer acted as the buyer in this deal, with Lois Soowal and Andrew Soowal serving as the sellers. This transaction highlights the continued growth and investment opportunities in the industrial real estate sector in Boynton Beach, FL.
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
2.20%
Cash-on-Cash
-0.63%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93