Saven Patel Acquires Retail Asset At 9909 Hagen Ranch Road In Boynton Beach For $4.9M
9909 Hagen Ranch Road
$4,900,000
$1,298/SF
Building Size
3,773 SF
Asset Type
Retail
Closing
Jul 31, 2026
AI
The property asset is located at 9909 Hagen Ranch Road in Boynton Beach, a retail space encompassing 3,773 square feet. The sale was executed at a price of $4,900,000, which equates to a price per square foot of $1,298.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $4,900,000
- Address: 9909 Hagen Ranch Road
- Market: Boynton Beach
- Square Footage: 3,773
- Price Per Square Foot: $1,298
- Buyer: Saven Patel
- Seller: Chris Sanz
- Brokers: Ronnie Issenberg, Gabriel Britti, and Kevin O’Hanlon - Surmount
The transaction involved the expertise of brokers Ronnie Issenberg, Gabriel Britti, and Kevin O’Hanlon, who represented the seller in this deal. Their involvement was crucial in facilitating the successful sale of the retail asset.
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
3.24%
Cash-on-Cash
-0.93%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93