Todd Nepola Purchases Retail Asset In Boynton Beach For $9.6 Million From William Weisman
140 North Congress Avenue
$9,600,000
$225/SF
Building Size
42,604 SF
Asset Type
Retail
Closing
Jun 28, 2026
About this deal
AI
This retail asset located at 140 North Congress Avenue in Boynton Beach was sold for $9,600,000. The property spans 42,604 square feet, resulting in a price per square foot of $225.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $9,600,000
- Address: 140 North Congress Avenue
- Market: Boynton Beach
- Square Footage: 42,604
- Price Per Square Foot: $225
- Buyer: Todd Nepola
- Seller: William Weisman
- Seller's Representative: Michael Mandel - Atlantic Commercial Group
- Brokers: Keny Reme - Compass; Calum Winsor - Current Capital Realty
The transaction was facilitated by prominent brokers Keny Reme and Calum Winsor, alongside seller's representative Michael Mandel from Atlantic Commercial Group, who can be contacted for further off-market sales opportunities in South Florida.
On the Map
$9,600,000
$225/SF
Retail
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Players
Market 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
1.65%
Cash-on-Cash
-0.47%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93