GOA Properties Sells Retail Property In Boynton Beach For $8.2M With Brokers David Donnellan & Patricia Friend - CBRE
SOLD
$8,200,000
Florida
See Similar DealsOther169,884 SF
Sold 09/21/2021
SOLD
GOA Properties Sells Retail Property In Boynton Beach For $8.2M With Brokers David Donnellan & Patricia Friend - CBRE
4742 North Congress Avenue, Boynton Beach, FL 33426, USA
See Similar DealsOther169,884 SF
Sold 09/21/2021
Summary
FLORIDA
Asset Type:Other
Price Per Square Foot:$48
Total Square Footage:169,884 SF
Transaction Type:Sale
The retail property located at 701 North Congress Avenue in Boynton Beach has been sold for $8,200,000. The property spans 42,298 square feet, resulting in a price per square foot of $194. The transaction took place on September 21, 2021.
Summary of Transaction Details:
- Property Type: Retail
- Transaction Amount: $8,200,000
- Address: 701 North Congress Avenue
- Market: Boynton Beach
The seller of the property was GOA Properties. The sale was facilitated by David Donnellan and Patricia Friend from CBRE. They represented the seller in the transaction.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$437,333.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$29,132.88
Cash-on-Cash Return-1.27%
Monthly Debt Service$38,872.18
Annual Debt Service$466,466.20
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