Brian Wogernese's Cobblestone USA Acquires Boynton Beach Retail Property For $38M
8767 West Boynton Beach Boulevard, Boynton Beach, FL, USA
$38,000,000
$429/SF
Building Size
88,456 SF
Asset Type
Retail
Closing
Mar 1, 2021
About this deal
AI
Located in Boynton Beach, the retail property at 8767 Boynton Beach Boulevard was recently sold. The transaction took place on 03/02/2021.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $38,000,000
- Square Footage: 88,456
- Price Per Square Foot: $430
- Acres: 12
- Price Per Acre: $3,166,667
The buyer of the property is Brian Wogernese from Cobblestone USA, while the seller is Tricor Financial Corp., represented by Marc Hagle.
Please note that no additional information was provided regarding the property or the individuals involved in the 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
0.42%
Cash-on-Cash
-0.12%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93