Pliskin Realty Acquires Retail Asset At 1930 North Military Trail For $10.075M
1930 North Military Trail
$10,750,000
$217/SF
Building Size
49,451 SF
Asset Type
Retail
Closing
Dec 4, 2024
AI
The property asset involved in the transaction is a retail space located at 1930 North Military Trail in West Palm Beach. The sale was finalized at a price of $10,075,000. The total square footage of the asset measures 49,451, resulting in a price per square foot of $204.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $10,075,000
- Address: 1930 North Military Trail
- Market: West Palm Beach
- Square Footage: 49,451
- Price per Square Foot: $204
- Buyer: Pliskin Realty
- Seller: Martin & Irving Osher
- Brokers: Zach Levine, Douglas Mandel & Joshua Gilbert - Marcus & Millichap
Key individuals and companies involved in the deal include the buyer, Pliskin Realty, and the sellers, Martin & Irving Osher. The transaction was facilitated by the brokerage team of Zach Levine, Douglas Mandel, and Joshua Gilbert, representing Marcus & Millichap in this transaction.
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
1.48%
Cash-on-Cash
-0.42%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93