Chris Clementi Acquires Retail Property In West Palm Beach For $4.67M With Buyer's Rep Jonathan De La Rosa & Eduardo Toledo
2050 45th Street
$4,670,000
$310/SF
Building Size
15,048 SF
Asset Type
Retail
Closing
Oct 23, 2026
About this deal
AI
The retail asset located at 2050 45th Street in West Palm Beach was sold for a transaction price of $4,670,000. The property encompasses a total square footage of 15,048, translating to a price per square foot of $310.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $4,670,000
- Address: 2050 45th Street
- Market: West Palm Beach
- Square Footage: 15,048
- Price per Square Foot: $310
- Buyer: Chris Clementi
- Seller: Ted Klein
- Buyer's Representative: Jonathan De La Rosa & Eduardo Toledo - Marcus & Millichap
- Seller's Representative: Ray Romano - CBRE
This transaction was characterized by the involvement of key individuals, including the buyer Chris Clementi, and the seller Ted Klein. The deal was facilitated by Jonathan De La Rosa and Eduardo Toledo representing the buyer from Marcus & Millichap, alongside Ray Romano from CBRE representing the seller.
On the Map
$4,670,000
$310/SF
Retail
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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
3.40%
Cash-on-Cash
-0.97%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93