Evan & Ryan Mouhalis Purchase Retail Property In Boynton Beach For $2.8M
SOLD
$2,800,000
Florida
See Similar DealsRetail3,469 SF
Sold 04/10/2024
SOLD
Evan & Ryan Mouhalis Purchase Retail Property In Boynton Beach For $2.8M
8801 West Boynton Beach Boulevard
See Similar DealsRetail3,469 SF
Sold 04/10/2024
Summary
FLORIDA
Asset Type:Retail
Price Per Square Foot:$807
Total Square Footage:3,469 SF
Transaction Type:Sale
The retail property located at 8801 West Boynton Beach Boulevard in Boynton Beach was sold for $2,800,000. Spanning 3,469 square feet, the property was purchased at a price per square foot of $807.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $2,800,000
- Buyer: Evan Mouhalis & Ryan Mouhalis
- Seller: Jean Pftman
- Brokers: Michael Talbert, Jarett Zackman & Chas Moody - Horvath & Tremblay
- Address: 8801 West Boynton Beach Boulevard, Boynton Beach
- Market: Boynton Beach
- SF: 3,469
- PPSF: $807
The transaction was facilitated by brokers Michael Talbert, Jarett Zackman, and Chas Moody from Horvath & Tremblay, with the buyers being Evan Mouhalis and Ryan Mouhalis, and the seller being Jean Pftman.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$149,333.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$9,947.82
Cash-on-Cash Return-1.27%
Monthly Debt Service$13,273.43
Annual Debt Service$159,281.14
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