Peter Argentina Acquires Retail Property In West Palm Beach For $1.4M
1891 South Military Trail
$1,400,000
$380/SF
Building Size
3,676 SF
Asset Type
Retail
Closing
Nov 17, 2023
About this deal
AI
The retail property located at 1891 South Military Trail in West Palm Beach has been sold for $1,400,000. The property spans a total of 3,676 square feet, resulting in a price per square foot of $381.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $1,400,000
- Address: 1891 South Military Trail
- Market: West Palm Beach
Peter Argentina has purchased the property from Henri Levy. The deal was facilitated by brokers Elon Gerberg and Adam H. Klein from SVN Commercial Partners, who represented both the buyer and the seller.
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
11.33%
Cash-on-Cash
-3.24%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93