Sheridan Capital Provides $4.8M Loan For Boynton Beach Office Property
1301 North Congress Avenue, Boynton Beach, FL, USA
$4,800,000
$3,356/SF
Building Size
1,430 SF
Asset Type
Office
Closing
Jun 3, 2021
About this deal
AI
1301 N. Congress Avenue in Boynton Beach, Florida has been involved in a recent closed transaction. The property is an office building located in the market of Boynton Beach, Florida. The deal included a loan from Sheridan Capital in the amount of $4,800,000.
Summary of transaction details
- Property Type: Office
- Transaction Amount: $4,800,000
- Lender: Sheridan Capital
- Address: 1301 N. Congress Avenue
- Market: Boynton Beach, Florida
This transaction was facilitated by Sheridan Capital who provided the loan for the office property located at 1301 N. Congress Avenue. The property is situated in the market of Boynton Beach, Florida.
Players
Boynton Beach Office Market Snapshot
Boundary boundary · Office · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
3.30%
Cash-on-Cash
-0.94%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93