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1105 Northeast Jensen Beach...

FrostPoint Capital Sells Retail Property In Jensen Beach For $6.25M
SOLDRetail

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

Jim Michalak

Plaza Advisors

Broker

$83.6M

vol

6 deals

Broker
FC
FrostPoint CapitalSeller

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