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Pliskin Realty Acquires Retail Asset At 1930 North Military Trail For $10.075M

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SOLD
$10,750,000

Florida

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Retail49,451 SF
Sold 12/04/2024
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Property Image
SOLD

Pliskin Realty Acquires Retail Asset At 1930 North Military Trail For $10.075M

1930 North Military Trail

See Similar Deals
Retail49,451 SF
Sold 12/04/2024
Contact now

Summary

FLORIDA
Asset Type:Retail
Price Per Square Foot:$217
Total Square Footage:49,451 SF
Transaction Type:Sale

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

Douglas K. Mandel
72 deals$1.1B volume(954) 245-3465
BROKER

Zach Levine
Marcus & Millichap
41 deals$620.1M volume(954) 296-6253
BROKER

Joshua (Josh) Gilbert
Marcus & Millichap
9 deals$108.2M volume(516) 695-1473
BROKER

Details

SOLD
IMAGE: Douglas Mandel, Zach Levine & Joshua Gilbert DATE: 12/04/2024 ADDRESS: 1930 North Military Trail MARKET: West Palm Beach ASSET TYPE: Retail BUYER: Pliskin Realty SELLER: Martin & Irving Osher BROKERS: Zach Levine (@Zachlevine_), Douglas Mandel (@DougMandel) & Joshua Gilbert (@JoshGilbert15) - Marcus & Millichap SALE PRICE: $10,075,000 SF: 49,451 ~ PPSF: $204

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$573,333.32

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$38,192.49
Cash-on-Cash Return-1.27%
Monthly Debt Service$50,960.48
Annual Debt Service$611,525.81