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Barberry Rose Management Acquires Boynton Beach Retail Property For $16.5M

Property Image
SOLD
$16,500,000
Lewis Barbanel
FB

Florida

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Retail95,499 SF
Sold 09/14/2021
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Property Image
SOLD

Barberry Rose Management Acquires Boynton Beach Retail Property For $16.5M

1005 Gateway Boulevard, Boynton Beach, FL, USA

See Similar Deals
Retail95,499 SF
Sold 09/14/2021
Lewis Barbanel
FB
the dealplayerscompscontact
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Summary

FLORIDA
Asset Type:Retail
Price Per Square Foot:$172
Total Square Footage:95,499 SF
Transaction Type:Sale

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

Lewis Barbanel
Barberry Rose Management
Lewis Barbanel
16 deals$181.6M volume
BUYER
FB
Fiorenzo Bresolin
2 deals$42M volume
SELLER
FB
Fiorenzo Bresolin
2 deals$42M volume
SELLER

Details

SOLD
IMAGE: Lewis Barbanel DATE: 09/14/2021 ADDRESS: 1005 West Gateway Boulevard MARKET: Boynton Beach ASSET TYPE: Retail ~ ACRES: 10.9 BUYER: Barberry Rose Management - Lewis Barbanel SELLER: Fiorenzo Bresolin - Secured Equities SALE PRICE: $16,500,000 SF: 95,499 ~ PPSF: $173

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$880,000.01

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$58,621.01
Cash-on-Cash Return-1.27%
Monthly Debt Service$78,218.42
Annual Debt Service$938,621.01