Acquire Retail Property In Riviera Beach For $19.2M
2401 North Ocean Drive
$19,200,000
$291/SF
Building Size
65,908 SF
Asset Type
Retail
Closing
Sep 22, 2023
About this deal
AI
The property involved in this transaction is a retail asset located at 2401 North Ocean Drive in Riviera Beach. The property spans across 65,908 square feet. The sale price for this retail property was $19,200,000, resulting in a price per square foot of $291.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $19,200,000
- Address: 2401 North Ocean Drive, Riviera Beach
- Market: Riviera Beach
The buyers of this retail property were , BH Group, and PEBB Enterprises. The sellers were Pebb Capital, represented by Todd Rosenberg. JLL Retail Capital Markets served as the broker for this transaction.
Market 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
0.83%
Cash-on-Cash
-0.24%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93