Barberry Rose Management Acquires Boynton Beach Retail Property For $16.5M
1005 Gateway Boulevard, Boynton Beach, FL, USA
$16,500,000
$172/SF
Building Size
95,499 SF
Asset Type
Retail
Closing
Sep 14, 2021
AI
A retail property located at 1005 West Gateway Boulevard in Boynton Beach was recently sold for $16,500,000. The property covers an area of 10.9 acres and offers a total of 95,499 square feet of space. The sale price per square foot was $173. The transaction took place on September 14, 2021.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $16,500,000
- Address: 1005 West Gateway Boulevard, Boynton Beach
- Market: Boynton Beach
- Total Acres: 10.9
Barberry Rose Management, represented by Lewis Barbanel, acquired the property from the seller, Fiorenzo Bresolin of Secured Equities. Lewis Barbanel acted as the buyer's representative in the deal.
Players
Boynton Beach Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.96%
Cash-on-Cash
-0.27%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93