Speech & OT Specialists & Play Pals Acquires 5,988 SF Retail Space In West Palm Beach
4624 S Dixie Hwy West Palm Beach, FL 33405, USA
$35
$35/SF
Building Size
5,988 SF
Asset Type
Retail
Closing
May 26, 2023
About this deal
AI
S & T Bakum LLC has leased a 5,988-square-foot retail space located at 4624 South Dixie Highway in West Palm Beach. The space, situated in a strip shopping center, will be occupied by Palm Beach Speech & OT Specialists and Play Pals, offering speech therapy, occupational therapy, and early learning programs. The lease transaction was completed by the fourth quarter.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: Lease
- Address: 4624 South Dixie Highway
- Market: West Palm Beach
- Landlord: S & T Bakum LLC
- Tenant: Speech & OT Specialists & Play Pals - Sheryl Rosin
- Landlord's Rep: Honey Bryan - Colliers International
- Tenant's Rep: Paul Bergman - Douglas Elliman
- Asking Rent: $35 per square foot
- Square Footage: 5,988
Paul Bergman from Douglas Elliman represented the tenant, Sheryl Rosin, in the lease transaction. Honey Bryan from Colliers International served as the landlord's representative.
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
453228.57%
Cash-on-Cash
-129534.12%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93