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21880 S State Rd 7, Miami G...

Corporate Partners Capital Group Acquires Retail Property In Boca Raton From Walgreens
SOLDRetail

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

Kenton Wright

Corporate Partners Capital Group

Buyer

$24.3M

vol

3 deals

Buyer
CG
Corporate Partners Capital GroupBuyer

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