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1019 Federal Highway, Deerf...

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

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

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

$18,750,000

$128/SF

Building Size

145,502 SF

Asset Type

Retail

Closing

Jun 6, 2022

AI

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

Broker

$3.9B

vol

57 deals

Broker
JBL Asset Management
JBL Asset ManagementBuyer

Deerfield 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

0.85%

Cash-on-Cash

-0.24%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93