SOLDRetail
Retail Property In Margate, FL Sold For $4.57M By Ripco And RPS Capital Management
5671 West Atlantic Boulevard
$4,570,000
$1,856/SF
Building Size
2,462 SF
Asset Type
Retail
Closing
Nov 20, 2023
AI
A retail property located at 5671 West Atlantic Boulevard in Margate, FL has been sold for $4,570,000. The property spans 2,462 square feet and was sold at a price per square foot of $1,856.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $4,570,000
- Address: 5671 West Atlantic Boulevard
- Market: Margate, FL
- Square Footage: 2,462
- Price per Square Foot: $1,856
The sale of this retail property was facilitated by the following individuals:
- Stephen R. Preuss Sr. - Ripco
- Kevin Louie - Ripco
- Kevin Schmitz - Ripco
- Andreas Efthymiou - Ripco
- Robert Sharfstein - RPS Capital Management
Players
Margate 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
3.47%
Cash-on-Cash
-0.99%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93