Doug Gatlin Acquires Fort Pierce Retail Property For $3M With Benjamin H. Silver - CBRE
SOLD
$3,000,000
Florida
See Similar DealsRetail5,700 SF
Sold 05/02/2022
SOLD
Doug Gatlin Acquires Fort Pierce Retail Property For $3M With Benjamin H. Silver - CBRE
4898 Okeechobee Road, Fort Pierce, Florida 34947, United States
See Similar DealsRetail5,700 SF
Sold 05/02/2022
Summary
FLORIDA
Asset Type:Retail
Price Per Square Foot:$526
Total Square Footage:5,700 SF
Transaction Type:Sale
The retail property located at 4898 Okeechobee Rd in Fort Pierce has been sold for $3,000,000. The transaction was completed on 05/02/2022.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $3,000,000
- Address: 4898 Okeechobee Rd
- Market: Fort Pierce
- Square Footage: 5,700
- Price per Square Foot: $526
- Seller: Rafael Hernandez
- Buyer: Doug Gatlin
- Broker: Benjamin H. Silver - CBRE
The property was sold by Rafael Hernandez to Doug Gatlin. The transaction was facilitated by Benjamin H. Silver from CBRE.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$160,000.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$10,658.36
Cash-on-Cash Return-1.27%
Monthly Debt Service$14,221.53
Annual Debt Service$170,658.37
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