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Speech & OT Specialists & Play Pals Acquires 5,988 SF Retail Space In West Palm Beach

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LEASED
$35

Florida

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Retail5,988 SF
Leased 05/26/2023
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LEASED

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

See Similar Deals
Retail5,988 SF
Leased 05/26/2023
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Summary

FLORIDA
Asset Type:Retail
Price Per Square Foot:$35
Total Square Footage:5,988 SF
Transaction Type:Lease

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.

Players

Honey Bryan
1 deal(561) 308-8266
BROKER

Paul Bergman
Douglas Elliman
3 deals$20.7M volume(310) 498-4883
BROKER

Details

LEASED
IMAGE: Sheryl Rosin (@SjRosin), Paul Bergman & Honey Bryan DATE: 05/26/2023 ADDRESS: 4624 South Dixie Highway MARKET: West Palm Beach ASSET TYPE: Retail LANDLORD: S & T Bakum LLC TENANT: Speech & OT Specialists & Play Pals - Sheryl Rosin LANDLORD'S REP: Honey Bryan - Colliers International (@ColliersInternational) TENANT'S REP: Paul Bergman - Douglas Elliman (@DouglasElliman) (@DouglasEllimanFlorida) ASKING RENT: $35/ft. ~ SF: 5,988 NOTE: Palm Beach Speech & OT Specialists and Play Pals are set to open a new location in West Palm Beach, offering speech therapy, occupational therapy, and early learning programs. The 5,988-square-foot space in a strip shopping center is expected to be occupied by the fourth quarter.

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Deal Type
Effective Rent (Annual)

$240,259.98

Total Lease Value

$2,402,599.83

Net Landlord Cash Flow$240,259.98