Ross Realty Sells Vero Beach Square Retail Center For $6.2M With Marcus & Millichap
5125 20th Street
$6,200,000
$540/SF
Building Size
11,480 SF
Asset Type
Retail
Closing
Mar 9, 2026
About this deal
AI
The transaction involved the sale of a retail strip center known as Vero Beach Square, located at 5125 20th Street in Vero Beach. The property spans a total of 11,480 square feet and was fully leased to tenants, including Dunkin’, Jersey Mike’s, Tropical Smoothie Café, and Corporate Elite Hearing Centers of America. The sale price was established at $6,200,000, reflecting a price per square foot of $540.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $6,200,000
- Address: 5125 20th Street
- Market: Vero Beach
- Seller: Ross Realty
- Brokers: Drew Kristol & Kirk Olson - Marcus & Millichap
- Square Footage: 11,480
- Price Per Square Foot: $540
Marcus & Millichap facilitated this transaction, with Drew Kristol and Kirk Olson representing both the seller, Ross Realty of Davie, Florida, and the buyer, a private investment group based in California.
On the Map
$6,200,000
$540/SF
Retail
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Vero 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
2.56%
Cash-on-Cash
-0.73%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93