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
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.
Miami 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
453228.57%
Cash-on-Cash
-129534.12%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93