SOLDRetail
Michael J. Saba Sr Acquires Retail Property In Boynton Beach For $7.22M
1600 Federal Highway, Boynton Beach, Florida 33435, United States
$7,220,000
$468/SF
Building Size
15,400 SF
Asset Type
Retail
Closing
Dec 21, 2021
AI
The retail property located at 1600 N Federal Hwy in Boynton Beach, FL has been successfully sold. The property spans 15,400 square feet and was sold for a price of $7,220,000, resulting in a per square foot price of $468.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $7,220,000
- Address: 1600 N Federal Hwy, Boynton Beach, FL
- Market: Boynton Beach, FL
Michael J. Saba Sr is the buyer of the property, while Scott Maslin is the seller.
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
2.20%
Cash-on-Cash
-0.63%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93