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10833 Jog Rd, Boynton Beach...

The Georgetown Co Acquires Property At 10833 Jog Rd Boynton Beach From Casey Rosen Of CBRE
SOLDOther

The Georgetown Co Acquires Property At 10833 Jog Rd Boynton Beach From Casey Rosen Of CBRE

10833 Jog Rd, Boynton Beach, FL, 334...

Building Size

146,759 SF

Asset Type

Other

Closing

Nov 19, 2023

AI

The property involved in the transaction is Shoppes at Woolbright, a shopping center located at 10833 Jog Rd, Boynton Beach, FL, 334. The property encompasses a total area of 146,759 square feet and was 99 percent leased at the time of the sale, with Publix serving as the anchor tenant. The center was built in 2008 and is situated at the intersection of Jog and Woolbright roads, 17.1 miles from Boca Raton and 8.4 miles from Delray Beach.

Summary of transaction details:

  • Property Type: Shopping Center
  • Transaction Amount: Undisclosed
  • Address: 10833 Jog Rd, Boynton Beach, FL, 334
  • Market: Boynton Beach
  • Seller's Representative: Casey Rosen, Dennis Carson, Chris Bosworth, Will Pike and Brian Pfohl - CBRE
  • Buyer: The Georgetown Co
  • Square Footage: 146,759

CBRE facilitated the sale, representing the seller, Principal Real Estate Investors based in Des Moines, Iowa. The buyer, The Georgetown Co., is situated in New York. This transaction underscores the involvement of key professionals in the acquisition process without reiterating specifics regarding the property dimensions or value laid out in the initial description.

Players

Dennis Carson

CBRE

Broker

$419.3M

vol

14 deals

Broker
TC
The Georgetown CoBuyer

Boynton Beach Other Market Snapshot

Boundary boundary · Other · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

5.80%

Cash-on-Cash

-1.66%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93