SOLDRetail
CBRE Brokers David Donnellan & Patricia Friend Facilitate $3.5M Sale Of Retail Property In West Palm Beach
1336 South Military Trail, West Palm Beach, FL, USA
$3,500,000
$210/SF
Building Size
16,652 SF
Asset Type
Retail
Closing
Mar 24, 2021
AI
The property involved in this closed transaction is a retail asset located at 1336-1368 S. Military Trail in West Palm Beach. The transaction took place on 03/25/2021.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $3,500,000
- Square Footage: 16,652
- Price per Square Foot: $210
- Address: 1336-1368 S. Military Trail
- Market: West Palm Beach
The seller of the property was MPI/Country Grove Inc. The transaction was facilitated by brokers David Donnellan and Patricia Friend from CBRE.
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
4.53%
Cash-on-Cash
-1.30%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93