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RL Jensen Beach, LLC Acquires Retail Property In Jensen Beach For $6.03M

Property Image
SOLD
$6,026,000
Alejandro (Alex) D'Alba
Scott Sandelin

Florida

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Retail9,379 SF
Sold 02/14/2022
the dealplayerscompscontact
Property Image
SOLD

RL Jensen Beach, LLC Acquires Retail Property In Jensen Beach For $6.03M

3544 Northwest Federal Highway, Jensen Beach, Florida 34957, United States

See Similar Deals
Retail9,379 SF
Sold 02/14/2022
Alejandro (Alex) D'Alba
Scott Sandelin
the dealplayerscompscontact
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Summary

FLORIDA
Asset Type:Retail
Price Per Square Foot:$642
Total Square Footage:9,379 SF
Transaction Type:Sale

A retail property located at 3544 NW Federal Hwy in Jensen Beach has been sold for a total price of $6,026,000. The property spans an area of 1.93 acres and offers 9,379 square feet of space. The sale was completed on February 14, 2022. The buyer, RL Jensen Beach, LLC, acquired the property.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: $6,026,000
  • Address: 3544 NW Federal Hwy, Jensen Beach
  • Market: Jensen Beach
  • Acres: 1.93

The sale was facilitated by Alejandro D'Alba and Scott C. Sandelin from The Sandelin Group at Marcus & Millichap. They represented the buyer, RL Jensen Beach, LLC, in the transaction.

Players

Scott Sandelin
Marcus & Millichap
Scott Sandelin
29 deals$296.3M volume(786) 522-7009
BROKER
Alejandro (Alex) D'Alba
Marcus & Millichap
Alejandro D'Alba
9 deals$106.8M volume(305) 962-4676
BROKER

Details

SOLD
IMAGE: Alejandro D’Alba & Scott C. Sandelin DATE: 02/14/2022 ADDRESS: 3544 NW Federal Hwy MARKET: Jensen Beach ASSET TYPE: Retail ~ ACRES: 1.93 BUYER: RL Jensen Beach, LLC BROKERS: Alejandro D’Alba & Scott C. Sandelin - The Sandelin Group - Marcus & Millichap SALE PRICE: $6,026,000 SF: 9,379 ~ PPSF: $643

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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$21,409.10
Cash-on-Cash Return-1.27%
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