Michael J. Saba Sr Acquires Retail Property In Boynton Beach For $7.22M
SOLD
$7,220,000
Florida
See Similar DealsRetail15,400 SF
Sold 12/22/2021
SOLD
Michael J. Saba Sr Acquires Retail Property In Boynton Beach For $7.22M
1600 Federal Highway, Boynton Beach, Florida 33435, United States
See Similar DealsRetail15,400 SF
Sold 12/22/2021
Summary
FLORIDA
Asset Type:Retail
Price Per Square Foot:$468
Total Square Footage:15,400 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$385,066.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$25,651.13
Cash-on-Cash Return-1.27%
Monthly Debt Service$34,226.48
Annual Debt Service$410,717.80
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