Babak Ebrahimzadeh & Maurice Moradof Acquire Vacant Commercial Property In West Palm Beach, FL For $2.5M
SOLD
$2,500,000
Florida
See Similar DealsCommercial
Sold 03/28/2022
SOLD
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
See Similar DealsCommercial
Sold 03/28/2022
Summary
FLORIDA
Asset Type:Commercial
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$133,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$8,881.99
Cash-on-Cash Return-1.27%
Monthly Debt Service$11,851.28
Annual Debt Service$142,215.31
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