CBRE Brokers David Donnellan & Patricia Friend Facilitate $3.5M Sale Of Retail Property In West Palm Beach
SOLD
$3,500,000
Florida
See Similar DealsRetail16,652 SF
Sold 03/25/2021
SOLD
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
See Similar DealsRetail16,652 SF
Sold 03/25/2021
Summary
FLORIDA
Asset Type:Retail
Price Per Square Foot:$210
Total Square Footage:16,652 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$186,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$12,434.75
Cash-on-Cash Return-1.27%
Monthly Debt Service$16,591.79
Annual Debt Service$199,101.43
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