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3900 Hypoluxo Road

Michael Saba And Michael Saba Jr. Purchase Retail Asset From El Car Wash For $7.5M
SOLDRetail

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

Aron Cline

SRS Real Estate Partners

Broker

$18.7M

vol

3 deals

Broker
SRS Real Estate Partners
SRS Real Estate PartnersBrokerage

Michael Saba Jr.

Buyer

$41.2M

vol

7 deals

Buyer

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