Capitol Mall LLC Acquires Mixed-use Property In Palm Springs For $3.8M
3745 S Congress Ave, Palm Springs, FL, USA
$3,800,000
$160/SF
Building Size
23,698 SF
Asset Type
Mixed-use
Closing
Sep 28, 2021
About this deal
AI
A mixed-use property located at 3745 South Congress Ave in Palm Springs has been sold for a price of $3,800,000. The property spans 23,698 square feet, resulting in a price per square foot of $160. The transaction took place on September 28, 2021, and involved Capitol Mall LLC as the buyer and Congressional Developers Inc. as the seller.
Summary of transation details
- Property Type: Mixed-use
- Transaction Amount: $3,800,000
- Address: 3745 South Congress Ave
- Market: Palm Springs
The deal was facilitated by brokers David Donnellan and Patricia Friend from CBRE, who represented Capitol Mall LLC in the transaction. The involvement of these brokers highlights their role in assisting the buyer throughout the process.
On the Map
$3,800,000
$160/SF
Mixed-use
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Players
Palm Springs Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
4.17%
Cash-on-Cash
-1.19%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93