Michael Saba Jr. Michael Saba & Cassandra Saba Acquire Retail Asset In Delray Beach For $9M
14400 Military Trail
$9,000,000
$377/SF
Building Size
23,827 SF
Asset Type
Retail
Closing
Apr 16, 2026
About this deal
AI
The transaction involved a retail property located at 14400 Military Trail in the Delray Beach market, with a sale price of $9,000,000. The property has a total square footage of 23,827, which translates to a price per square foot of $377.
Summary of transation details:
- Property Type: Retail
- Transaction Amount: $9,000,000
- Square Footage: 23,827
- Price per Square Foot: $377
- Buyer: Michael Saba, Michael Saba Jr. & Cassandra Saba
- Seller: Andrew Perkins
- Broker: Michael Mandel - Atlantic Commercial Group
- Market: Delray Beach
- Note: SOLD OFF MARKET
Michael Saba, Michael Saba Jr., and Cassandra Saba represented the buying side of the transaction, while Andrew Perkins acted as the seller. Michael Mandel from Atlantic Commercial Group facilitated the sale, ensuring a successful off-market deal.
On the Map
$9,000,000
$377/SF
Retail
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Delray 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
1.76%
Cash-on-Cash
-0.50%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93