Aymen Beshay Purchases Retail Asset At 1260 Malabar Road Palm Bay For $2.3M
1260 Malabar Road
$2,300,000
$511/SF
Building Size
4,500 SF
Asset Type
Retail
Closing
Oct 29, 2024
About this deal
AI
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.
On the Map
$2,300,000
$511/SF
Retail
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Players
Palm Bay Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
6.90%
Cash-on-Cash
-1.97%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93