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JBL Asset Management Acquires Retail Property In Deerfield Beach For $18.75M

Property Image
SOLD
$18,750,000
Cameron Beck
Kim Flores
Eric Williams
+ 1

Florida

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Retail145,502 SF
Sold 06/07/2022
the dealplayerscompscontact
Property Image
SOLD

JBL Asset Management Acquires Retail Property In Deerfield Beach For $18.75M

1019 Federal Highway, Deerfield Beach, Florida 33441, United States

See Similar Deals
Retail145,502 SF
Sold 06/07/2022
Cameron Beck
Kim Flores
Eric Williams
+ 1
the dealplayerscompscontact
Contact now

Summary

FLORIDA
Asset Type:Retail
Price Per Square Foot:$128
Total Square Footage:145,502 SF
Transaction Type:Sale

The retail property located at 1019 S Federal Hwy in Deerfield Beach has been sold in a transaction. The property spans 145,502 square feet and was sold for a total price of $18,750,000, resulting in a price per square foot of $129. The sale date for this transaction was 06/07/2022.

Summary of transaction details

  • Property Type: Retail
  • Transaction Amount: $18,750,000
  • Address: 1019 S Federal Hwy, Deerfield Beach
  • Market: Deerfield Beach

JBL Asset Management acquired the property from RPT Realty. The deal was facilitated by the brokers Danny Finkle, Eric Williams, Kim Flores, and Cameron Beck from JLL.

Players

Danny Finkle
JLL
Danny Finkle
57 deals$3.9B volume
BROKER
Eric Williams
Newmark
Eric Williams
52 deals$2.8B volume
BROKER
Kim Flores
JLL
Kim Flores
35 deals$3.2B volume
BROKER
Cameron Beck
JLL
Cameron Beck
15 deals$929.3M volume
BROKER
JBL Asset Management
JBL Asset Management
BUYER
RR
RPT Realty
SELLER

Details

SOLD
IMAGE: Kim Flores, Danny Finkle, Eric Williams & Cameron Beck DATE: 06/07/2022 ADDRESS: 1019 S Federal Hwy MARKET: Deerfield Beach ASSET TYPE: Retail BUYER: JBL Asset Management SELLER: RPT Realty BROKERS: Danny Finkle, Eric Williams, Kim Flores & Cameron Beck - JLL (@JLL) SALE PRICE: $18,750,000 SF: 145,502 ~ PPSF: $129

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

$1,000,000.01

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$66,614.78
Cash-on-Cash Return-1.27%
Monthly Debt Service$88,884.57
Annual Debt Service$1,066,614.79