Marcus & Millichap Facilitates $14M Sale Of Net Leased Car Wash In Hialeah & Boynton Beach
2851 Okeechobee Road & 7366 West Boynton Beach Boulevard
$14,046,667
$1,197/SF
Building Size
5,863 SF
Asset Type
Retail
Closing
Dec 29, 2023
About this deal
AI
The net leased car wash located at 2851 Okeechobee Road in Hialeah and 7366 West Boynton Beach Boulevard in Boynton Beach has been sold. The property, owned by El Car Wash, was purchased for a total sale price of $14,046,667.
Summary of transaction details:
- Property Type: Net Leased Car Wash
- Transaction Amount: $14,046,667
- Square Footage: 5,863
- Price per Square Foot: $2,396
- Market: Hialeah & Boynton Beach
The buyer's representatives in this transaction were Jonathan De LaRosa and Eduardo Toledo from Marcus & Millichap. They facilitated the deal on behalf of the buyer.
On the Map
$14,046,667
$1,197/SF
Retail
View full map
Players
Hialeah Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
Loading comparables…
Deal FAQ
Visit Jonathan De La Rosa to view all their deals.
Browse Hialeah retail sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.13%
Cash-on-Cash
-0.32%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93