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
Stuart 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
2.88%
Cash-on-Cash
-0.82%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93