Morse Life Acquires Mixed-Use Property From Temple Beth Tikvah For $7.3M In Greenacres
4550 Jog Road
$7,300,000
$204/SF
Building Size
35,735 SF
Asset Type
Mixed-use
Closing
Jun 29, 2025
About this deal
AI
The property asset involved in the transaction is a mixed-use development located at 4550 Jog Road in the Greenacres market. The transaction was finalized at a sale price of $7,300,000, encompassing a total square footage of 35,735. The price per square foot for this transaction amounts to $204.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $7,300,000
- Address: 4550 Jog Road
- Market: Greenacres
- Square Footage: 35,735
- Price Per Square Foot: $204
- Buyer: Morse Life
- Seller: Temple Beth Tikvah
- Broker: Alan Kaye - Transworld Commercial Real Estate
Key individuals involved in this transaction include the buyer Morse Life and the seller Temple Beth Tikvah, with Alan Kaye representing the interests of Transworld Commercial Real Estate in the deal.
On the Map
$7,300,000
$204/SF
Mixed-use
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Players
Greenacres Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.17%
Cash-on-Cash
-0.62%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93