Amicus Medical Center Acquires Office Building In Boynton Beach For $4.2M
SOLD
$4,200,000
Florida
See Similar DealsOffice14,980 SF
Sold 06/03/2020
SOLD
Amicus Medical Center Acquires Office Building In Boynton Beach For $4.2M
3795 W Boynton Beach Blvd, Boynton Beach, FL, USA
See Similar DealsOffice14,980 SF
Sold 06/03/2020
Summary
FLORIDA
Asset Type:Office
Price Per Square Foot:$280
Total Square Footage:14,980 SF
Transaction Type:Sale
The office property located at 3795 W Boynton Beach Blvd in Boynton Beach has recently been sold. The transaction took place on 06/03/2021.
Summary of transaction details
- Property Type: Office
- Transaction Amount: $4,200,000
- Address: 3795 W Boynton Beach Blvd
- Market: Boynton Beach
The buyer of the property is Amicus Medical Center, while the seller is Woolbright Corporation. The deal was facilitated by Robert Burstein and Alexis Shapiro from ONE Commercial Real Estate. The property spans across 14,980 square feet and sits on 1.55 acres. The price per square foot is approximately $280, and the price per acre is roughly $2,709,677.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$223,999.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$14,921.72
Cash-on-Cash Return-1.27%
Monthly Debt Service$19,910.14
Annual Debt Service$238,921.71
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