Current Capital Group Acquires Retail Property In West Palm Beach For $12.75M
SOLD
$12,750,000
Florida
See Similar DealsRetail79,500 SF
Sold 04/08/2022
SOLD
Current Capital Group Acquires Retail Property In West Palm Beach For $12.75M
2845 North Military Trail, West Palm Beach, Florida 33417, United States
See Similar DealsRetail79,500 SF
Sold 04/08/2022
Summary
FLORIDA
Asset Type:Retail
Price Per Square Foot:$160
Total Square Footage:79,500 SF
Transaction Type:Sale
The retail property located at 2845 N Military Trl & 6651 Lake Worth Road in West Palm Beach has been sold. The transaction took place on 04/08/2022.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $12,750,000
- Address: 2845 N Military Trl & 6651 Lake Worth Road
- Market: West Palm Beach
The buyer of the property is Todd Nepola of Current Capital Group, while the seller is Raj Gupta. Benedict Gutierrez, representing Marcus & Millichap, acted as the seller's representative in the deal. The property was listed with an asking price of $14,200,000.
The retail property has a total square footage of 79,500. The price per square foot for the property was $160.
Players
BROKERAGE
Details
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Similar Deals
Contact
Get in touch with the broker you want
Similar Buyers
Unlock All Profiles
Upgrade to Traded Pro for full access to every deal, profile & market insight.Unlimited deal views
Access investor profiles & contacts
Exclusive comps & market data
Go Pro
Similar Brokers
Search Address Tool
Enter any address to instantly view nearby comps, investors, brokers, lenders, and a visual map.NEW!
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$679,999.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$45,298.06
Cash-on-Cash Return-1.27%
Monthly Debt Service$60,441.50
Annual Debt Service$725,298.06
Is there something missing? Send suggestions