Phillips Edison & Co. Acquires MultiFamily Asset In Boynton Beach For $16,350,000
1301 West Boynton Beach Blvd.
$16,350,000
Building Size
—
Asset Type
MultiFamily
Closing
Jun 24, 2025
AI
The property involved in the transaction is a MultiFamily asset located at 1301 West Boynton Beach Blvd., Boynton Beach, FL, consisting of 37,201 units. The sale price for this property was $16,350,000.00.
Summary of transaction details:
- Property Type: MultiFamily
- Transaction Amount: $16,350,000.00
- Address: 1301 West Boynton Beach Blvd.
- Market: Boynton Beach, FL
- Units: 37,201
- Buyer: Phillips Edison & Co.
The transaction was represented by Phillips Edison & Co., which acted as the buyer in this deal. No additional representatives or broker details were mentioned in the context of this sale.
Players
Boynton Beach MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.97%
Cash-on-Cash
-0.28%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93