SOLDRetail
Michael Krasnerman Of AllFinancial Group Acquires 7-Eleven Retail Asset In Melbourne For $9.8M
2102 Nebula Way
$9,800,000
$2,067/SF
Building Size
4,740 SF
Asset Type
Retail
Closing
Jun 17, 2026
AI
The transaction involved a newly built, single-tenant net-lease 7-Eleven located at 2102 Nebula Way in Melbourne, Florida. The asset encompasses a total area of 4,740 square feet and was sold for $9,800,000, resulting in a price per square foot of $2,068. This retail property is fully leased to 7-Eleven under a net-lease structure.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $9,800,000
- Address: 2102 Nebula Way
- Market: Melbourne, FL
- Square Footage: 4,740
- Price Per Square Foot: $2,068
- Buyer: Michael Krasnerman - AllFinancial Group
- Seller: Matt Wilson, David Wishen & Tosh Wolfe - WDG Real Estate Partners
The buyer, Michael Krasnerman, represents AllFinancial Group, while the sellers, Matt Wilson, David Wishen, and Tosh Wolfe, are associated with WDG Real Estate Partners. This deal reflects the growing demand for retail assets in the Space Coast area near Orlando.
Players
Powhatan Point 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
1.62%
Cash-on-Cash
-0.46%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93