Marcus & Millichap Facilitates $2.4M Sale Of Retail Property On Boynton Beach Blvd
3975 W Boynton Beach Blvd, Boynton Beach, FL, USA
$2,400,000
$668/SF
Building Size
3,590 SF
Asset Type
Retail
Closing
Apr 13, 2021
About this deal
AI
The retail property located at 3975 W Boynton Beach Blvd. in Boynton Beach has been sold. The property spans 3,590 square feet and was sold for a price of $2,400,000, resulting in a price per square foot of $669.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $2,400,000
- Address: 3975 W Boynton Beach Blvd.
- Market: Boynton Beach
- Brokers: Barry Wolfe & Alan Lipsky - Marcus & Millichap
- Square Footage: 3,590
- Price per Square Foot: $669
Barry Wolfe and Alan Lipsky from Marcus & Millichap represented the parties involved in this retail property transaction.
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
6.61%
Cash-on-Cash
-1.89%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93