Aymen Beshay Purchases Retail Asset At 1260 Malabar Road Palm Bay For $2.3M
SOLD
$2,300,000
Florida
See Similar DealsRetail4,500 SF
Sold 10/29/2024
SOLD
Aymen Beshay Purchases Retail Asset At 1260 Malabar Road Palm Bay For $2.3M
1260 Malabar Road
See Similar DealsRetail4,500 SF
Sold 10/29/2024
Summary
FLORIDA
Asset Type:Retail
Price Per Square Foot:$511
Total Square Footage:4,500 SF
Transaction Type:Sale
The property asset involved in this transaction is a retail space located at 1260 Malabar Road, Palm Bay. The sale price for the asset is $2,300,000, and it encompasses a total square footage of 4,500, resulting in a price per square foot of $511.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $2,300,000
- Address: 1260 Malabar Road
- Market: Palm Bay
- Square Footage: 4,500
- Price per Square Foot: $511
- Buyer: Aymen Beshay
- Brokers: Brandon Lumish & Aaron Labovitz - ABL Real Estate Partners
Brandon Lumish and Aaron Labovitz represented the buyer, Aymen Beshay, in this transaction, facilitating the deal through ABL Real Estate Partners.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$122,666.66
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$8,171.42
Cash-on-Cash Return-1.27%
Monthly Debt Service$10,903.17
Annual Debt Service$130,838.08
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