SOLDRetail
Doug Gatlin Acquires Fort Pierce Retail Property For $3M With Benjamin H. Silver - CBRE
4898 Okeechobee Road, Fort Pierce, Florida 34947, United States
$3,000,000
$526/SF
Building Size
5,700 SF
Asset Type
Retail
Closing
May 1, 2022
AI
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.
Fort Pierce Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.29%
Cash-on-Cash
-1.51%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93