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
About this deal
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.
The retail sale at 1600 Federal Highway, Boynton Beach, Florida 33435, United States in Boynton Beach, Florida sold for $7.2M in 2021. The building is 15,400 square feet, implying about 468 per square foot on the published price. Named participants on the 1600 Federal Highway, Boynton Beach, Florida 33435, United States sale are Michael Saba Sr., Scott Maslin. This page is the Boynton Beach, Florida file for the 1600 Federal Highway, Boynton Beach, Florida 33435, United States retail sold: pricing, party profiles, and other closed retail comps from the same Boynton Beach sit in the Market section below. Filter that Boynton Beach retail set by closing date to see what else sold near 1600 Federal Highway, Boynton Beach, Florida 33435, United States around 2021. Published consideration for 1600 Federal Highway, Boynton Beach, Florida 33435, United States is $7.2M, dated 2021. Cite this Michael J. Saba Sr Acquires Retail Property In Boynton Beach For $7.22M sale when underwriting similar retail product around Boynton Beach, Florida.
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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