Fares Leimoun Acquires Store In West Palm Beach,FL For $3.8M
1321 North Military Trail, West Palm Beach, Florida 33417, United States
$3,837,500
$308/SF
Building Size
12,428 SF
Asset Type
Retail
Closing
Jun 21, 2022
About this deal
AI
The property involved in this transaction is a store located at 1321 N Military Trl in West Palm Beach, FL. The property spans a total of 12,428 square feet and was sold on June 22, 2022. The sale price for the property was $3,837,500, resulting in a price per square foot of $308.78.
Summary of transation details
- Property Type: Store
- Transaction Amount: $3,837,500
- Address: 1321 N Military Trl, West Palm Beach, FL
- Market: West Palm Beach, FL
The buyer of the property is Fares Leimoun, while the sellers are Linda R. Merchant and Sharon J. Merchant.
Players
West Palm Beach 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
4.13%
Cash-on-Cash
-1.18%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93