New Haven & Wickham Retail Property Sold For $5.95M Through Salim Valiani - Marcus & Millichap
3000 W New Haven Ave, Melbourne, Florida 32904, United States
$5,950,000
$92/SF
Building Size
64,688 SF
Asset Type
Retail
Closing
Mar 1, 2022
AI
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.
Melbourne 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
2.67%
Cash-on-Cash
-0.76%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93