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Asher Bistricer And Jack Bistricer Of Talisker Corp Acquire Ocean Walk Retail Center For $18.18M
SOLD
$18,180,000
+ 3
Florida
See Similar DealsRetail65,908 SF
Sold 04/04/2026
SOLD
Asher Bistricer And Jack Bistricer Of Talisker Corp Acquire Ocean Walk Retail Center For $18.18M
2401 Ocean Avenue
See Similar DealsRetail65,908 SF
Sold 04/04/2026
+ 3
Summary
FLORIDA
Asset Type:Retail
Price Per Square Foot:$275
Total Square Footage:65,908 SF
Transaction Type:Sale
The retail asset located at 2401 Ocean Avenue in Riviera Beach has a sale price of $18,180,000. The property spans 65,908 square feet and is situated on an 8.5-acre city-owned site. The transaction involved a ground lease arrangement, with the municipality retaining landlord ownership.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $18,180,000
- Buyer: Asher Bistricer & Jack Bistricer - Talisker Corp
- Seller: Jon Paul Pérez - Related Group; Liat Toledano & Isaac Toledano - BH Group; Ian Weiner - PEBB Enterprises
- Lender: City National Bank of Florida
- Price per Square Foot: $276
The ground lease for the Ocean Walk retail center is managed by Asher Bistricer of Talisker Corp. City National Bank of Florida provided $12,730,000 in financing for the acquisition. This complex includes various shopping and dining options, marking a significant addition to the retail landscape in the area.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$969,600.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$64,589.70
Cash-on-Cash Return-1.27%
Monthly Debt Service$86,182.48
Annual Debt Service$1,034,189.70
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