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140 North Congress Avenue

Todd Nepola Purchases Retail Asset In Boynton Beach For $9.6 Million From William Weisman
SOLDRetail

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

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:

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.

Players

Calum Winsor

Current Capital Realty

Broker

$16.7M

vol

7 deals

Broker
Todd Nepola

Todd Nepola

Buyer

$159.1M

vol

13 deals

Buyer

Market 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

1.65%

Cash-on-Cash

-0.47%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93