Patricia Kaneb Acquires Retail Property In Boynton Beach For $4.6M
1701 West Boynton Beach Boulevard
$4,600,000
$388/SF
Building Size
11,844 SF
Asset Type
Retail
Closing
Jun 10, 2024
About this deal
AI
The retail property located at 1701 West Boynton Beach Boulevard in Boynton Beach was recently sold for $4,600,000. Spanning 11,844 square feet, the property was acquired at a price of $388 per square foot.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $4,600,000
- Buyer: Patricia Kaneb - Houston Brides
- Seller: Robertino Villamil
- Seller's Rep: Fabio Faerman & Sebastian Faerman - FA Commercial
The deal was facilitated with Patricia Kaneb, representing Houston Brides, as the buyer, and Robertino Villamil as the seller. Fabio Faerman and Sebastian Faerman from FA Commercial served as the seller's representatives in this transaction.
On the Map
$4,600,000
$388/SF
Retail
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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
3.45%
Cash-on-Cash
-0.99%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93