facebook
TradedTraded
    Home
    Search
    Closings
    Listings
    On Market
    Off Market
    Add a listing
    Vaults
    shh
    Rankings
    News
    Data
    Socials
    More


Messages

Go Pro
+ Submit+ Submit a Deal
Home

/

Deals

/

Florida

/

Retail

/

Sale

/

South Military Trail, Palm ...

Updated Oct 29, 2024

Brightwork Real Estate Sells Retail Property In Palm Springs For $7M
SOLDRetail

Brightwork Real Estate Sells Retail Property In Palm Springs For $7M

South Military Trail, Palm Springs, FL, USA

$7,000,000

$89/SF

Building Size

78,408 SF

Asset Type

Retail

Closing

Feb 20, 2020

About this deal

AI

The retail property located at 3288 South Military Trail in Palm Springs has been sold in a transaction completed on February 21, 2020. The property, spread over an area of 78,408 square feet, was sold for a price of $7,000,000, resulting in a price per square foot of $89. The seller of the property was Brightwork Real Estate, represented by Austin Simmons. The brokerage firm 3288 Military Trail LLC, with Ana Crisan as their representative, facilitated the transaction.

Summary of transaction details

  • Property Type: Retail
  • Transaction Amount: $7,000,000
  • Address: 3288 South Military Trail, Palm Springs
  • Market: Palm Springs
  • Square Footage: 78,408
  • Price per Square Foot: $89
  • Seller: Brightwork Real Estate - Austin Simmons
  • Broker: 3288 Military Trail LLC - Ana Crisan

This transaction showcases the involvement of key individuals and companies in the real estate deal. Austin Simmons from Brightwork Real Estate acted as the seller's representative, while Ana Crisan from 3288 Military Trail LLC represented the brokerage firm. The successful completion of the sale highlights the expertise and effectiveness of these professionals in the retail property market in Palm Springs.

Players

Ana Crisan

Broker

$7M

vol

1 deal

Broker
BE
Brightwork Real EstateSeller

West Palm Beach Retail Market Snapshot

Boundary boundary · Retail · Sale transactions

Loading comparables…

Deal FAQ

About $89 per square foot on a published $7M for 78,408 square feet (2020).

Visit Ana Crisan to view all their deals.

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

2.27%

Cash-on-Cash

-0.65%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

More Deals

Nearby Markets