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6555 West Boynton Beach Bou...

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

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

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

$6,450,000

$1,925/SF

Building Size

3,350 SF

Asset Type

Retail

Closing

Jun 7, 2022

AI

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

Franklin Street

Broker

$261.4M

vol

20 deals

Broker

Alberto Lensi

Buyer

$25.1M

vol

3 deals

Buyer

Boynton Beach Retail Market Snapshot

Boundary boundary · Retail · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

2.46%

Cash-on-Cash

-0.70%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93