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37 Southwest Osceola Street

Max Ducharme Of PMD Capital Management Acquires Retail Property In Stuart For $5.5M
SOLDRetail

Max Ducharme Of PMD Capital Management Acquires Retail Property In Stuart For $5.5M

37 Southwest Osceola Street

$5,500,000

$368/SF

Building Size

14,908 SF

Asset Type

Retail

Closing

Aug 12, 2024

AI

The property asset involved in the transaction is a retail space located at 37 Southwest Osceola Street in the Stuart market. The sale price of the property was $5,500,000, featuring a total square footage of 15,100, which translates to a price per square foot of $364.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: $5,500,000
  • Address: 37 Southwest Osceola Street
  • Market: Stuart
  • Square Footage: 15,100
  • Price Per Square Foot: $364
  • Buyer: Max Ducharme - PMD Capital Management
  • Brokers: Nik Schroth, Jeff Allman & James McKinney - NAI Southcoast

The key individuals involved in the deal include Max Ducharme representing PMD Capital Management as the buyer. The brokerage team facilitating the transaction comprises Nik Schroth, Jeff Allman, and James McKinney from NAI Southcoast.

Players

Nikolaus Schroth

NAI Global

Broker

$13.1M

vol

3 deals

Broker

Stuart Retail Market Snapshot

Boundary boundary · Retail · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

2.88%

Cash-on-Cash

-0.82%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93