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
$8,200,000
$48/SF
Building Size
169,884 SF
Asset Type
Other
Closing
Sep 21, 2021
AI
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.
Players
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
1.93%
Cash-on-Cash
-0.55%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93