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
About this deal
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.
The retail sale at 1336 South Military Trail, West Palm Beach, FL, USA in West Palm Beach, Florida sold for $3.5M in 2021. The building is 16,652 square feet, implying about 210 per square foot on the published price. Patricia Friend, David Donnellan, CBRE appear on the sale alongside CBRE. This page is the West Palm Beach, Florida file for the 1336 South Military Trail, West Palm Beach, FL, USA retail sold: pricing, party profiles, and other closed retail comps from the same West Palm Beach sit in the Market section below. Filter that West Palm Beach retail set by closing date to see what else sold near 1336 South Military Trail, West Palm Beach, FL, USA around 2021. Published consideration for 1336 South Military Trail, West Palm Beach, FL, USA is $3.5M, dated 2021. Cite this CBRE Brokers David Donnellan & Patricia Friend Facilitate $3.5M Sale Of Retail Property In West Palm Beach sale when underwriting similar retail product around West Palm Beach, Florida.
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