Michael Saba And Michael Saba Jr. Purchase Retail Asset From El Car Wash For $7.5M
SOLD
$7,500,000
Florida
See Similar DealsRetail3,572 SF
Sold 11/19/2025
SOLD
Michael Saba And Michael Saba Jr. Purchase Retail Asset From El Car Wash For $7.5M
3900 Hypoluxo Road
See Similar DealsRetail3,572 SF
Sold 11/19/2025
Summary
FLORIDA
Asset Type:Retail
Price Per Square Foot:$2,099
Total Square Footage:3,572 SF
Transaction Type:Sale
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
BROKERAGE
SELLER
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$400,000.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$26,645.91
Cash-on-Cash Return-1.27%
Monthly Debt Service$35,553.83
Annual Debt Service$426,645.92
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