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Alberto Lensi Acquires Retail Property In Boynton Beach For $6.45M

Property Image
SOLD
$6,450,000
Jonathan de Maa
Greg Matus
+ 2

Florida

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Retail3,350 SF
Sold 06/08/2022
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Property Image
SOLD

Alberto Lensi Acquires Retail Property In Boynton Beach For $6.45M

6555 West Boynton Beach Boulevard, Boynton Beach, Florida 33437, United States

See Similar Deals
Retail3,350 SF
Sold 06/08/2022
Jonathan de Maa
Greg Matus
+ 2
Contact now

Summary

FLORIDA
Asset Type:Retail
Price Per Square Foot:$1,925
Total Square Footage:3,350 SF
Transaction Type:Sale

Alberto Lensi has purchased a retail property located at 6555 W. Boynton Beach Blvd in Boynton Beach. The property, with a total area of 3,350 square feet, was sold for a price of $6,450,000, resulting in a price per square foot of $1,925. The transaction took place on June 8, 2022.

Summary of transaction details

  • Property Type: Retail
  • Transaction Amount: $6,450,000
  • Address: 6555 W. Boynton Beach Blvd, Boynton Beach
  • Market: Boynton Beach
  • Buyer: Alberto Lensi
  • Brokers: Greg Matus, Adam J. Tiktin, Jonathan de Maa, and Alex Lazo - Florida Investment Sales Team - Franklin Street

The sale was facilitated by the Florida Investment Sales Team from Franklin Street, represented by Greg Matus, Adam J. Tiktin, Jonathan de Maa, and Alex Lazo. The transaction marks a significant investment for Alberto Lensi.

Players

Adam Tiktin
20 deals$261.4M volume
BROKER

Greg Matus
Franklin Street
39 deals$386.5M volume
BROKER

Jonathan de Maa
Franklin Street
4 deals$29.5M volume
BROKER

Alex Lazo
Franklin Street
3 deals$34.3M volume
BROKER

Details

SOLD
IMAGE: Alex Lazo, Adam J. Tiktin, Greg Matus & Jonathan de Maa DATE: 06/08/2022 ADDRESS: 6555 W. Boynton Beach Blvd MARKET: Boynton Beach ASSET TYPE: Retail BUYER: Alberto Lensi BROKERS: Greg Matus, Adam J. Tiktin, Jonathan de Maa & Alex Lazo - Florida Investment Sales Team - Franklin Street SALE PRICE: $6,450,000 SF: 3,350 ~ PPSF: $1,925

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$343,999.99

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$22,915.49
Cash-on-Cash Return-1.27%
Monthly Debt Service$30,576.29
Annual Debt Service$366,915.49