Elysee Investment Co. Acquires Retail Property On S Military Trl In West Palm Beach For $20.7M
2675 South Military Trail, West Palm Beach, Florida 33415, United States
$20,700,000
$118/SF
Building Size
175,198 SF
Asset Type
Retail
Closing
Feb 17, 2022
AI
An investment company, Elysee Investment Co. represented by Avraham Dishi, has acquired a retail property located at 2675 S Military Trl in West Palm Beach. The property is spread across an area of 175,198 square feet. The transaction took place on February 18, 2022, with a sale price of $20,700,000, resulting in a price per square foot of $118.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $20,700,000
- Address: 2675 S Military Trl, West Palm Beach
- Market: West Palm Beach
The seller of the property was Nightingale Group, represented by Elie Schwartz.
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
0.77%
Cash-on-Cash
-0.22%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93