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
Boynton Beach Other Market Snapshot
Boundary boundary · Other · Sale transactions
Loading comparables…
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