Tracy & Kathy Huang Acquire Bank/Credit Union Property On Boynton Beach Blvd For $4.7M
1550 West Boynton Beach Boulevard, Boynton Beach, Florida 33436, United States
$4,700,000
$964/SF
Building Size
4,875 SF
Asset Type
Retail
Closing
Jun 23, 2022
AI
The Bank/Credit Unions property located at 1550 W Boynton Beach Blvd in Boynton Beach, FL has been sold for $4,700,000. The property spans 4,875 square feet, resulting in a price per square foot of $964.
Summary of transaction details
- Property Type: Bank/Credit Unions
- Transaction Amount: $4,700,000
- Address: 1550 W Boynton Beach Blvd, Boynton Beach, FL
- Market: Boynton Beach, FL
- Buyer: Tracy Huang & Kathy Huang
- Seller: Kenneth L. Stiles
- Square Footage: 4,875
- Price per Square Foot: $964
Tracy Huang and Kathy Huang have acquired the Bank/Credit Unions property at 1550 W Boynton Beach Blvd from Kenneth L. Stiles.
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
3.38%
Cash-on-Cash
-0.96%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93