Michael Saba And Michael Saba Jr. Purchase Retail Asset From El Car Wash For $7.5M
3900 Hypoluxo Road
$7,500,000
$2,099/SF
Building Size
3,572 SF
Asset Type
Retail
Closing
Nov 19, 2025
AI
The asset involved in this sale is a retail property located at 3900 Hypoluxo Road in Boynton Beach, with a total square footage of 3,572. The sale was finalized at a transaction price of $7,500,000, which equates to a price per square foot of $2,099.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $7,500,000
- Address: 3900 Hypoluxo Road
- Market: Boynton Beach
- Square Footage: 3,572
- Price Per Square Foot: $2,099
- Buyer: Michael Saba & Michael Saba Jr.
- Seller: El Car Wash
- Broker: Aron Cline - SRS Real Estate Partners
The deal includes key individuals such as the buyers Michael Saba and Michael Saba Jr., representing their interests in acquiring the property. The seller in this transaction is El Car Wash, and the broker facilitating the deal is Aron Cline from SRS Real Estate Partners.
Players
Boynton Beach 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
2.12%
Cash-on-Cash
-0.60%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93