Stockbridge Capital Group Acquires Retail Asset From Schmier Property Group And Partners For $118.5M
SOLD
Florida
See Similar DealsRetail194,927 SF
Sold 09/08/2025
SOLD
Stockbridge Capital Group Acquires Retail Asset From Schmier Property Group And Partners For $118.5M
9560 Glades Road
See Similar DealsRetail194,927 SF
Sold 09/08/2025
Summary
FLORIDA
Asset Type:Retail
Price Per Square Foot:$607
Total Square Footage:194,927 SF
Transaction Type:Sale
The retail property located at 9560 Glades Road in Boca Raton consists of 194,927 square feet and has a sale price of $118,500,000, translating to a price per square foot of $607.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $118,500,000
- Address: 9560 Glades Road
- Market: Boca Raton
- Square Footage: 194,927
- Price per Square Foot: $607
- Buyer: Stockbridge Capital Group
- Seller: Schmier Property Group, Giles Capital Group, Rosemurgy Properties & Wheelock Street Capital
- Broker Representatives: Jorge Portela, Danny Finkle, Kim Flores, Evan Lahr & Jacob Wise - JLL
This transaction involved brokers representing both the buyer and seller, with Jorge Portela, Danny Finkle, Kim Flores, Evan Lahr, and Jacob Wise all playing key roles in facilitating the deal through JLL.
Players
BROKERAGE
SELLER
SELLER
SELLER
SELLER
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$6,319,999.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$421,005.48
Cash-on-Cash Return-1.27%
Monthly Debt Service$561,750.46
Annual Debt Service$6,741,005.47
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