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460 South Rosemary Avenue

The Salty Donut Signs Lease For Retail Space In West Palm Beach For $75/ft
LEASEDRetail

The Salty Donut Signs Lease For Retail Space In West Palm Beach For $75/ft

460 South Rosemary Avenue

$75

$75/SF

Building Size

1,999 SF

Asset Type

Retail

Closing

Aug 19, 2022

AI

The retail property located at 460 S Rosemary Ave in West Palm Beach has been leased. The asset, measuring 1,999 square feet, was leased by The Salty Donut. The landlord in this transaction is Related Group.

Summary of transaction details

  • Property Type: Retail
  • Transaction Amount: N/A
  • Address: 460 S Rosemary Ave
  • Market: West Palm Beach

The leasing deal for the retail property at 460 S Rosemary Ave was facilitated by brokers Michael Sullivan and Lyle Stern from Koniver Stern Group, acting as representatives for The Salty Donut. On the other side, Marty Arrivo and Aracibo Quintana from Acre represented the landlord, Related Group.

Players

Lyle Stern

Vertical Real Estate

Broker

$44.3M

vol

11 deals

Broker
Related Group
Related GroupLandlord

West Palm Beach Retail Market Snapshot

Boundary boundary · Retail · Lease transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

211506.67%

Cash-on-Cash

-60449.25%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93