Jose I. Rasco & Juan D. Calle Acquire Store In West Palm Beach, FL For $5.75M
4805 South Dixie Highway, West Palm Beach, Florida 33405, United States
$5,750,000
$662/SF
Building Size
8,680 SF
Asset Type
Retail
Closing
Jun 23, 2022
About this deal
AI
The property asset involved in this transaction is a store located at 4805 S Dixie Hwy in West Palm Beach, FL. It has a total area of 8,680 square feet. The transaction took place on June 24, 2022, with a sale price of $5,750,000, resulting in a price per square foot of $662.
Summary of transation details:
- Property Type: Store
- Transaction Amount: $5,750,000
- Address: 4805 S Dixie Hwy, West Palm Beach, FL
- Market: West Palm Beach, FL
- Buyer: Jose I. Rasco & Juan D. Calle
- Seller: Mario Carballo
The buyers in this transaction are Jose I. Rasco and Juan D. Calle. The seller is Mario Carballo.
Players
West Palm 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
2.76%
Cash-on-Cash
-0.79%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93