FrostPoint Capital Sells Retail Property In Jensen Beach For $6.25M
1105 Northeast Jensen Beach Boulevard
$6,250,000
$129/SF
Building Size
48,110 SF
Asset Type
Retail
Closing
Dec 12, 2023
AI
The retail property located at 1105 Northeast Jensen Beach Boulevard in Jensen Beach has been sold. The property spans 48,110 square feet and was sold for a total price of $6,250,000, resulting in a price per square foot of $130. The transaction took place on 12/12/2023.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $6,250,000
- Square Feet: 48,110
- Market: Jensen Beach
The sale of the property was facilitated by FrostPoint Capital, represented by Taylor N. Gerhardt and Paul Forberger. The brokers involved in the transaction were Jim Michalak and Jeff Berkezchuk from Plaza Advisors.
Players
Jensen Beach Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.54%
Cash-on-Cash
-0.73%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93