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
About this deal
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.
The retail sale at 4898 Okeechobee Road, Fort Pierce, Florida 34947, United States in Fort Pierce, Florida sold for $3M in 2022. The building is 5,700 square feet, implying about 526 per square foot on the published price. Benjamin (Ben) Silver, Rafael Hernandez, CBRE appear on the sale alongside CBRE. This page is the Fort Pierce, Florida file for the 4898 Okeechobee Road, Fort Pierce, Florida 34947, United States retail sold: pricing, party profiles, and other closed retail comps from the same Fort Pierce sit in the Market section below. Filter that Fort Pierce retail set by closing date to see what else sold near 4898 Okeechobee Road, Fort Pierce, Florida 34947, United States around 2022. Published consideration for 4898 Okeechobee Road, Fort Pierce, Florida 34947, United States is $3M, dated 2022. Cite this Doug Gatlin Acquires Fort Pierce Retail Property For $3M With Benjamin H. Silver - CBRE sale when underwriting similar retail product around Fort Pierce, Florida.
Fort Pierce Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
Loading comparables…
Deal FAQ
Visit Benjamin (Ben) Silver to view all their deals.
Browse Florida retail sales on Traded.
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