Updated Dec 18, 2023
Babak Ebrahimzadeh & Maurice Moradof Acquire Vacant Commercial Property In West Palm Beach, FL For $2.5M
12422 Northlake Boulevard, West Palm Beach, Florida 33412, United States
$2,500,000
Building Size
—
Asset Type
Commercial
Closing
Mar 27, 2022
About this deal
AI
The vacant commercial property located at 12422 Northlake Blvd in West Palm Beach, FL was recently sold. The transaction took place on March 28, 2022. The buyer, Babak Ebrahimzadeh and Maurice Moradof, purchased the property from Chantal C Segurola for a price of $2,500,000.
Summary of transaction details
- Property Type: Vacant Commercial
- Transaction Amount: $2,500,000
- Address: 12422 Northlake Blvd, West Palm Beach, FL
- Market: West Palm Beach, FL
- Buyer: Babak Ebrahimzadeh & Maurice Moradof
- Seller: Chantal C Segurola
Babak Ebrahimzadeh and Maurice Moradof represented themselves in the transaction.
On the Map
$2,500,000
Commercial
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
6.35%
Cash-on-Cash
-1.81%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93