Renzulli Associates Acquires West Palm Beach Shopping Center For $11.75M
2695 North Military Trail, West Palm Beach, FL, USA
$11,750,000
$254/SF
Building Size
46,188 SF
Asset Type
Retail
Closing
Aug 11, 2021
About this deal
AI
The West Palm Beach Shopping Center located at 2695 N. Military Trail has been sold in a recent transaction. The property, a retail asset, spans a total area of 46,188 square feet. The sale was completed on August 12, 2021, with Renzulli Associates acquiring the property from WPB Property Holdings LLC for a price of $11,750,000. This equates to a price per square foot of $254.
Summary of Transaction Details:
- Property Type: Retail
- Transaction Amount: $11,750,000
- Square Footage: 46,188
- Price Per Square Foot: $254
- Address: 2695 N. Military Trail, West Palm Beach
- Buyer: Renzulli Associates
- Seller: WPB Property Holdings LLC
Renzulli Associates, represented by their West Palm Beach Shopping Center's broker, successfully completed the purchase. The transaction showcases the involvement of key individuals and companies in the deal, highlighting the buyer and seller of the property.
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
1.35%
Cash-on-Cash
-0.39%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93