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

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SOLD
$5,500,000

Florida

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Retail14,908 SF
Sold 08/12/2024
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SOLD

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

37 Southwest Osceola Street

See Similar Deals
Retail14,908 SF
Sold 08/12/2024
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Summary

FLORIDA
Asset Type:Retail
Price Per Square Foot:$368
Total Square Footage:14,908 SF
Transaction Type:Sale

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 (Nik) Schroth
3 deals$13.1M volume(772) 403-3752
BROKER

Jeff Allman Jr
NAI Global
3 deals$13.1M volume(772) 283-1555
BROKER

James McKinney
NAI Southcoast
3 deals$13.1M volume(772) 349-3414
BROKER

Details

SOLD
IMAGE: Max Ducharme, Nik Schroth, Jeff Allman & James McKinney, DATE: 08/12/2024 ADDRESS: 37 Southwest Osceola Street MARKET: Stuart ASSET TYPE: Retail BUYER: Max Ducharme - PMD Capital Management BROKERS: Nik Schroth (@Nik_Schroth), Jeff Allman (@JeffAllmanjr) & James McKinney - NAI Southcoast (@NAISouthcoast) SALE PRICE: $5,500,000 SF: 15,100 ~ PPSF: $364

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$293,333.33

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$19,540.35
Cash-on-Cash Return-1.27%
Monthly Debt Service$26,072.81
Annual Debt Service$312,873.67