YFP, LLC Acquires Boynton Beach Retail Property For $9.5M
6405 West Boynton Beach Boulevard, Boynton Beach, Florida 33437, United States
$9,500,000
$182/SF
Building Size
52,152 SF
Asset Type
Retail
Closing
May 2, 2022
AI
The retail property located at 6405 W. Boynton Beach Blvd in Boynton Beach has been sold for $9,500,000. The transaction took place on 05/03/2022.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $9,500,000
- Address: 6405 W. Boynton Beach Blvd
- Market: Boynton Beach
- Square Footage: 70,000
- Price per Square Foot: $136
The buyer of the property is YFP, LLC, while the sellers are PEBB Enterprises represented by Ian Weiner and Banyan Development represented by Jason Sher. Sam Young from Atlantic Retail acted as the buyer's representative, and Barry Wolfe and Alan Lipsky from Marcus & Millichap represented the sellers in the transaction.
Please note that no additional information was provided regarding the property asset or the deal's key individuals and companies.
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
1.67%
Cash-on-Cash
-0.48%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93