Raitt Corporation Acquires Retail Property In Boynton Beach For $5.1M
9844 Jog Road, Boynton Beach, Florida 33437, United States
$5,100,000
$2,040/SF
Building Size
2,500 SF
Asset Type
Retail
Closing
Jan 30, 2022
About this deal
AI
A retail property located at 9844 Jog Road in Boynton Beach was recently sold for $5,100,000. The property spans 2,500 square feet, resulting in a price per square foot of $2,040. The transaction took place on January 31, 2022.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $5,100,000
- Address: 9844 Jog Road, Boynton Beach
- Market: Boynton Beach
- Buyer: Raitt Corporation - Erick Guerra
- Seller: Pebb Enterprises - Ian Weiner & Banyan Development - Doug Feurring, Ross Feurring & Jason Sher
Erick Guerra of Raitt Corporation represented the buyer in the transaction, while Ian Weiner of Pebb Enterprises and Doug Feurring, Ross Feurring, and Jason Sher of Banyan Development represented the seller.
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
3.11%
Cash-on-Cash
-0.89%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93