Corporate Partners Capital Group Acquires Retail Property In Boca Raton From Walgreens
21880 S State Rd 7, Miami Gardens, FL, USA
$9,150,000
$579/SF
Building Size
15,785 SF
Asset Type
Retail
Closing
Feb 18, 2020
AI
Located at 21880 South State Rd 7 in Boca Raton, this retail property was recently sold in a closed transaction. The property spans 15,785 square feet and was sold at a price of $579 per square foot.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: Not specified
- Buyer: Corporate Partners Capital Group - Howard Sands, Scott Tracy & Kenton Wright
- Seller: Walgreens
- Address: 21880 South State Rd 7, Boca Raton
- Market: Boca Raton
- Asset Type: Retail
The buyer in this transaction was Corporate Partners Capital Group, represented by Howard Sands, Scott Tracy, and Kenton Wright. The seller was Walgreens. The property was sold on 19th February 2020.
Players
Miramar 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
1.73%
Cash-on-Cash
-0.50%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93