New Haven & Wickham Retail Property Sold For $5.95M Through Salim Valiani - Marcus & Millichap
SOLD
$5,950,000
Florida
See Similar DealsRetail64,688 SF
Sold 03/02/2022
SOLD
New Haven & Wickham Retail Property Sold For $5.95M Through Salim Valiani - Marcus & Millichap
3000 W New Haven Ave, Melbourne, Florida 32904, United States
See Similar DealsRetail64,688 SF
Sold 03/02/2022
Summary
FLORIDA
Asset Type:Retail
Price Per Square Foot:$92
Total Square Footage:64,688 SF
Transaction Type:Sale
The retail property located at 3000 W New Haven Avenue in West Melbourne has been sold. The property spans over 4.87 acres and features a total square footage of 64,688. The transaction took place on 03/02/2022 for a sale price of $5,950,000, resulting in a price per square foot of $92.
Summary of Transaction Details:
- Property Type: Retail
- Transaction Amount: $5,950,000
- Address: 3000 W New Haven Avenue, West Melbourne
- Market: West Melbourne
- Acres: 4.87
The seller of the property is New Haven & Wickham. The transaction was facilitated by Salim Valiani from Marcus & Millichap. Salim Valiani represented the seller in the deal.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$317,333.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$21,139.10
Cash-on-Cash Return-1.27%
Monthly Debt Service$28,206.04
Annual Debt Service$338,472.43
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