Georgetown Woolbright LLC Acquires 18.7 Acre Retail Property In Boynton Beach For $70.15M
10935 Jog Road, Boynton Beach, Florida 33437, United States
$70,150,000
$470/SF
Building Size
149,268 SF
Asset Type
Retail
Closing
Apr 19, 2022
About this deal
AI
Located at 10935 S. Jog Road in Boynton Beach, this 18.7-acre retail property was recently sold. The transaction took place on April 20, 2022.
Summary of Transaction Details:
- Property Type: Retail
- Address: 10935 S. Jog Road, Boynton Beach
- Market: Boynton Beach
- Acres: 18.7
- Buyer: Georgetown Woolbright LLC
- Seller: Valencia Square Retail LLC - Principal Real Estate Investors - Todd Everett
- Lender: nationwide-''>Nationwide Life Insurance Co.
- Sale Price: $70,150,000
- Square Footage: 149,268
- Price per Square Foot: $470
The buyer in this transaction was Georgetown Woolbright LLC, while Valencia Square Retail LLC, Principal Real Estate Investors, and Todd Everett represented the seller. Nationwide Life Insurance Co. provided the loan for the sale.
This sale marks a significant transaction in the Boynton Beach market, with the property offering 18.7 acres of retail space. The buyer, Georgetown Woolbright LLC, made a substantial investment of $70,150,000 in this acquisition. The property encompasses a total of 149,268 square feet, resulting in a price per square foot of $470. The involvement of reputable entities like Valencia Square Retail LLC, Principal Real Estate Investors, and Todd Everett in the transaction highlights its significance.
On the Map
$70,150,000
$470/SF
Retail
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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
0.23%
Cash-on-Cash
-0.06%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93