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
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.
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