Jeffery Edison Of Phillips Edison & Co. Acquires Cross Creek Center Retail Property From Jonathan Doe
1301 West Boynton Beach Boulevard
Building Size
37,201 SF
Asset Type
Retail
Closing
May 16, 2025
AI
The property involved in this transaction is a retail center located at 1301 West Boynton Beach Boulevard in Boynton Beach. The asset spans 37,201 square feet and has been sold by Janoura Realty to Phillips Edison & Co.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: Undisclosed
- Buyer: Jeffery Edison - Phillips Edison & Co.
- Seller: Jonathan Doe - Janoura Realty
- Brokers: Drew Kristol & Kirk Olson - Marcus & Millichap
- Market: Boynton Beach
Drew Kristol and Kirk Olson represented the seller, Janoura Realty, during this transaction, facilitating the sale to the buyer, Phillips Edison & Co.
Players
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
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93